Examlex
MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Text tagged with the <em> </em> tags usually appear this way.
Underwater
A situation where the market value of an asset is less than the amount owed on it, often used in reference to mortgages.
Expiration Date
The last day on which an option or futures contract is valid or can be exercised.
Option
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price within a specific timeframe.
Exercised
In financial terms, refers to the act of utilizing the rights provided by a derivative contract, such as executing a buy or sell order under the terms of an option contract.
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