Examlex
When a husband and wife die in a common disaster, the Uniform Simultaneous Death Act allows the property of each person to be distributed as if he or she had not survived.
Listed Put Option
A put option that is traded on an official exchange, giving the holder the right but not the obligation to sell a specific asset at a set price before the option expires.
Exercise Price
The price at which the holder of an options contract can buy or sell the underlying asset.
Stock Split
A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which in turn diminishes its price.
American Call Option
A financial derivative allowing the buyer the right, but not the obligation, to buy a specific stock or asset at a predetermined price within a certain time period.
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