Examlex
Interpretive rules may not be used to fill in the gaps of legislation.
Put Premium
The cost associated with acquiring a put option, allowing the holder to sell an asset at a stipulated price within a specific timeframe, offering protection against asset depreciation.
Put Options
Financial contracts granting the holder the right to sell an asset at a predetermined price before a specified date.
Call Options
Financial contracts giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time frame.
Underlying Asset
The financial instrument upon which derivative contracts, like options and futures, are based.
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