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_____ is used when it is important to control where the sample is delivered.
European Option
A type of options contract that allows the holder to exercise the option only on its expiration date.
Underlying Asset
An asset on which a derivative instrument, such as an option or futures contract, is based, determining its value and performance.
April Option
A financial derivative contract that gives the holder the right, but not the obligation, to buy or sell an asset at a set price on or before a specific date in April.
American Put
An option contract giving the holder the right, but not the obligation, to sell a specified amount of an asset at a predetermined price before or on a specified expiration date.
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