Examlex
Which of the following statements about practice play is true?
Option
A financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a specified price within a specified time.
American Call Option
A financial agreement granting the purchaser the option, yet not the compulsion, to purchase a stock, bond, commodity, or any asset at a predetermined price within a defined time frame.
Expiration Date
The date on which an option, futures contract, or insurance policy loses its validity or expires.
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