Examlex
PACT was a set of principles originally designed for:
Wasting Asset
An asset that inexorably declines in value over time due to physical deterioration or the expiration of intangible rights.
Put Option
An option that gives the owner the right, but not the obligation, to sell an asset.
Call Option
An option that gives the owner the right, but not the obligation, to buy an asset.
Purchase Shares
The act of buying ownership stakes in a company, typically through its stock, offering potential for investment returns.
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