Examlex
Individuals on probation have no constitutional rights.
Option Contract
A contract which grants the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price within a specific time period.
Underlying Asset
The specific financial instrument (e.g., stock, bond, commodity) on which a derivative's value is based.
Puts
A type of option contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specific time frame.
Strike Price
The fixed price specified in an options contract at which the holder can buy or sell the underlying asset.
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