Examlex
Which of the following regarding change is true?
Put
An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.
Premium
The amount paid for an insurance policy or an amount paid above the nominal value for a security; also, the fees paid for an option contract.
Protective Put
Purchase of an asset combined with a put option on that asset to guarantee proceeds at least equal to the put’s exercise price.
Underlying Asset
The financial asset upon which a derivative instrument, such as a futures or options contract, is based.
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