A Potential Prospect That May or May Not Have the Potential

question 45

Multiple Choice

 A potential prospect that may or may not have the potential to be a true prospect is known as a(n) _____.

• A) lead
• B) assignee
• C) candidate
• D) spotter

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Definitions:

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a set price within a specified time.

Strike Price

The rate at which an option's owner has the right to purchase (for a call option) or offload (for a put option) the underlying asset or commodity.

Market Price

The current price at which an asset or service can be bought or sold.

Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a set price within a specified time.