Examlex
The futures market contains two basic types of traders: hedgers and speculators. Define the role played by each of these types of traders.
Revocation
The act of withdrawing, canceling, or repealing a statement, offer, or privilege, which can pertain to legal contracts, licenses, or wills.
Acceptance
In contract law, the agreement by a party to the terms of an offer, forming a contract.
Capacity
In legal terms, the ability to understand the nature and effects of one's actions, specifically in forming contracts or executing wills.
Assignable
Refers to the capability of transferring rights or interests in a contract or financial instrument to another party.
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