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At which location will coolant usually boil first in an overheated engine?
Exercise Price
The price at which the holder of an option contract may buy (in the case of a call option) or sell (in the case of a put option) the underlying asset when the option is exercised.
Underlying Asset
The financial asset upon which derivative instruments, such as futures, options, or warrants, are based or derived from.
European Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a set price on a specific expiration date, only exercisable at the end of its term.
Expiration Date
The specific date upon which an options or futures contract becomes void and the holder must execute or relinquish the contract.
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