Examlex
A lump sum settlement option is usually the best choice,even if a beneficiary is not very good at managing sums of money.
Futures Position
A contractual obligation to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
Underlying Commodity
The basic physical asset upon which futures contracts and derivatives are based.
Maturity
The specified date on which the principal amount of a bond, loan, or other financial instrument is due to be repaid.
Preferred Dividends
Payments made to preferred stockholders before any dividends are distributed to common stockholders, typically fixed and paid at regular intervals.
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