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Asset
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
American Option
Call or put option that can be exercised on or before the expiration date.
European Option
A type of options contract that allows the holder to exercise the option only on its expiration date.
Underlying Asset
An asset on which a derivative instrument, such as an option or futures contract, is based, determining its value and performance.
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