Conditional Currency Options Are

question 101

Multiple Choice

Conditional currency options are:

• A) options that do not require premiums.
• B) options where the premiums are canceled if a trigger level is reached.
• C) options that allow the buyer to decide what currency the option will be settled in.
• D) none of the above

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Definitions:

Parol

Relating to or given by word of mouth; not in writing or formalized in documents.

Parol Evidence Rule

A rule in contract law that prevents parties from presenting evidence of prior or contemporaneous agreements that would contradict the written terms of the contract.

Oral Contracts

Agreements made through spoken communication that are binding, albeit harder to prove than written contracts.

Prenuptial Agreements

Legal contracts entered into before marriage, outlining the division of assets should the marriage end in divorce.