Examlex
What does the Free-Exercise Clause of the First Amendment to the United States Constitution provide?
Option Theta
A measure of the rate of decline in the value of an options contract due to the passage of time.
Underlying Asset
The financial asset upon which a derivative's value is based, such as stocks, bonds, commodities, or currencies.
Black-Scholes Model
A mathematical model used for pricing European call and put options, offering a theoretical estimate of the price of options based on time, volatility, and other factors.
Expiration Date
In finance, the last day on which an options or futures contract is valid.
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