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Market participants can obtain downside protection using options at a cost equal to the option price, but preserve upside potential (reduced by the option price).
Salinity
The concentration of dissolved salts in a body of water or in soil.
Water-Transfer Projects
Large-scale engineering projects that aim to move water from one geographical location to another to address water scarcity issues.
Ecological Succession
The process by which the structure of a biological community evolves over time, involving species replacements and biodiversity changes.
Tragedy
A lamentable, dreadful, or fatal event or affair; often a situation involving great loss and misfortune.
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