Examlex
Photochemical smog occurs mostly in cold weather and produces a low-lying layer of pollution close to the earth's surface.
NPV
NPV - Net Present Value, a financial metric used to evaluate the profitability of an investment or project, calculating the difference between the present value of cash inflows and outflows.
Option
A financial derivative that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date.
Contract
A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.
Expiration Date
The date on which an option, right, or obligation ends or expires.
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