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Why is it important for an assignee to immediately notify the obligor of the assignment?
Option
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specified price within a certain period.
Exercise Value
The value of an option if it were exercised immediately, typically the difference between the underlying asset's market price and the option's strike price.
Time Value
The concept that money available in the present is worth more than the same amount in the future due to its potential earning capacity.
Market Value
The ongoing price for buying or selling a service or asset on the open market.
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