Examlex
With variable life insurance, the term "variable" refers to the variable nature of the benefit because premium payments are invested in mutual funds whose return can vary over time.
Call Option
A financial contract giving the buyer the right but not the obligation to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period.
Time To Expiration
The duration until the expiry date of a financial instrument, such as an option or futures contract.
Real Goods
Physical, tangible products and commodities that can be used, consumed, or sold.
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