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Discuss the advantages of law as an instrument of social change.
Intrinsic Value
The inherent, actual value of an asset, independent of its market value.
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.
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