Examlex
Which of the following is a system of justice used in the American legal system in which opposing parties contend against each other for a result favorable to themselves, while judges act as independent referees overseeing the contest?
Put Option
An economic arrangement that offers the holder a privilege, absent any mandate, to liquidate a specified quantum of a core asset at a stipulated price throughout a fixed duration.
Expiration
The point in time when a financial contract (e.g., option, futures contract) reaches its end date and is either executed or becomes void.
Dividend
Shareholders receive a payment from a corporation, commonly as a share of the company's profits.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed on an annual basis.
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