Index Options Are Settled by Delivery of the Stocks That

question 56

True/False

Index options are settled by delivery of the stocks that make up the index.

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Definitions:

Joint Tenants

A form of co-ownership where parties own property in equal shares and have the right of survivorship, meaning if one owner dies, the property automatically passes to the surviving owner(s).

Tenants in Common

A form of co-ownership where each owner holds an individual, undivided ownership interest in the property, which can be passed to their heirs.

Lot A

Typically refers to a designated plot of land, often identified in plans for development or subdivision.

Will

A legal document specifying how a person's assets and affairs should be handled after their death.