Examlex
A cell phone's GPS is accurate to within 5 feet of the actual location of the phone.
Clearinghouse
A financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions.
Exercise
In finance, it refers to the act of executing one's right to buy or sell the underlying asset in options trading.
Futures Contract
A standardized agreement to buy or sell a specific asset at a predetermined price at a specified time in the future.
Clearinghouse
An intermediary agency that facilitates the clearing and settling of financial transactions, often associated with exchanges and securities.
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