Examlex
When an option is exercised the time value component is lost.
Stochastic
Pertaining to processes involving randomness or probability.
Genetically Programmed
Characteristics or behaviors encoded in an organism's DNA, predetermined by genetic inheritance.
Nonstochastic
Relates to a process or model that is deterministic, meaning it is not random and outcomes can be predicted with certainty.
Aging Population
Refers to the increasing median age in the population of a region due to declining fertility rates and/or rising life expectancy.
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