Examlex
Explain the elements of the REA model and give an example of each.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed on an annual basis.
Put Option
A financial contract giving the option buyer the right, but not the obligation, to sell a specified quantity of an asset at a set price (the strike price) within a specified time.
Expiration
In finance, this term typically refers to the date on which a contract, such as an option or futures contract, ceases to exist and the final settlement or exercise must occur.
Selling
The process of giving or exchanging an item of value for money; a fundamental concept in economics and commerce.
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