The Entity That Acts as the Guarantor of Each CBOE-Traded

question 52

Multiple Choice

The entity that acts as the guarantor of each CBOE-traded contract is the

• A) Federal Government.
• B) Securities and Exchange Commission.
• C) CBOE.
• D) Options Clearing Corporation.
• E) Federal Reserve Bank.

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Definitions:

Warranty Liabilities

Obligations that a company holds to repair or replace a product within a specified period due to defects or failures.

Lease Liabilities

Lease liabilities represent a lessee's obligation to make lease payments arising from a lease, as recorded on the balance sheet under new accounting standards.

Bonds Payable

A long-term debt instrument issued by corporations, government agencies, and other entities to finance operations and projects, which requires repayment of the principal amount and interest.

Long-Term Liabilities

Financial obligations of a business that are due beyond one year, including bonds payable, long-term loans, and lease obligations.