Examlex
Which of the following is NOT explicitly a part of the IIA's definition of internal auditing?
Put Option
A financial contract giving the buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.
In The Money
A term used in options trading to describe an option with intrinsic value - a call option with the underlying price above the strike price, or a put option with the underlying price below the strike price.
Underlying Security
Refers to the asset (such as a stock, bond, commodity, or currency) upon which a derivative's value is based.
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