Examlex
When investors purchase an option that does not hedge their existing investments, the option can be referred to as "naked."
Interpret
To explain or understand the meaning of something, often involving analysis or putting data into context.
Years
Units of time equal to 365 or 366 days, measuring the time elapsed or duration.
Unamortized Premium
The portion of the bond premium that has not yet been amortized or gradually written off against earnings over the life of the bond.
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