A Module of Code,that May Be Written in a Proprietary

question 98

Short Answer

A module of code,that may be written in a proprietary language such as Oracle's PL/SQL,that implements business rules on a database server is called a ________.

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Definitions:

Time Spread

An options strategy involving the purchase and sale of two options of the same type and strike price but with different expiration dates.

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security.

Expiration Date

The specific date upon which an options or futures contract is no longer valid and the right to exercise it ceases.

Call Contract

A financial contract giving the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specified period.