Examlex
Both Love and Rayleigh waves are referred to as L waves (long waves)because they take longer periods of time to complete one cycle of motion and are slower moving relative to P- and S-waves.
Financial Instruments
Agreements resulting in one party acquiring a financial asset while the opposite party incurs a financial liability or issues an equity instrument.
Derivative
A contract that changes value in response to an underlying variable, requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors, and is settled at a future date.
Primary
Refers to being of first importance; main or most significant in terms of consideration or development.
Non-Derivative
A non-derivative is a financial instrument without any underlying assets; its value is determined by the instrument itself, such as stocks or bonds, as opposed to derivatives like options or futures.
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