Examlex
____ refers to doing a job without wasting resources.
Call Premium
The amount a call option buyer pays to the seller over and above the option's intrinsic value, which reflects the time value or speculative premium of the option.
Put Premium
Put premium refers to the price that an investor must pay to purchase a put option, which grants the right to sell a specified quantity of a security at a set strike price up to the expiration date.
Callable Bond
A bond that the issuer may repurchase at a given call price in some specified period.
Straight Bond
A bond with no option features such as callability or convertibility.
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