Examlex
A Markov chain cannot consist of all absorbing states.
Forward Contract
An agreement that isn't standardized between two parties to purchase or sell an asset at a future date determined today at a price agreed upon today.
Legally Binding
An agreement enforceable by law, with obligations that must be fulfilled by all parties involved.
Agreed-upon Price
The price that has been mutually accepted by the buyer and seller in a transaction.
Risk Profile
An evaluation of an individual's or organization's willingness to take risks, as well as their ability to handle the consequences of those risks.
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