Examlex
The balance sheet reflects the financial position of an entity over a period of time.
Option
In finance, a contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.
Revoking
The action of withdrawing, canceling, or annulling something previously granted, such as a privilege, right, or contract.
Offer
A proposal by one party to enter into a contract upon specified terms, subject to acceptance.
Postbox Rule
A principle in contract law where an offer is considered accepted the moment the acceptance is sent, rather than when it is received by the offeror.
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