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The DBMS Serves as an Interface Between an Application Program

question 44

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The DBMS serves as an interface between an application program and the database.


Definitions:

Put Option

A financial contract giving the holder the right but not the obligation to sell a specified amount of an underlying asset at a set price within a specified time.

Exercise

The action of implementing or executing a right or option, such as the act of buying or selling an asset under the terms of an options contract.

Option Strike Price

The strike price is the set price at which an option contract can be bought or sold when it is exercised.

Option Contract

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price within a specific period.

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