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straddle

straddle : the purchase of an equal number of put options and call options on the same underlying securities with the same price and maturity date

Voidable contract

Voidable contract, An agreement which is enforce-able by law after option of one or more of the parties thereto, but not at the option of the other or others,

Perpetuity

the works of Lewis (1849); Marsden (1883); and Prof. Gray (Boston, U.S.A., 2nd Edn. 1906); and as to option of purchase in a lease, and the present restrictions on the creation of a lease in futuro, see

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Accounting year

thereof are closed and balanced on any day other than the 31st day of March, then, at the option of the employer, the year ending on the day on which its accounts are so closed and balanced:

optionee

A person who holds an option to buy or sell a financial instrument See option

sale

on acceptance of the goods by a buyer (as a consumer) receiving them primarily for use with the option to return them if they do not meet his or her approval even though they conform to contract

exercise

occupation 2 : the act or an instance of carrying out the terms of an agreement (as an option) vt -cised -cis·ing 1 : to make effective in action [exercising power] 2 : to bring to bear

Portion

and Settled Land Act, s. 16; and see also in the 1st Schedule, Form 3, which is an optional statutory form of settlement. See Key and Elphinstone, Notes to Real Settlements. Settlements of portions usually contain a

York-Antwerp Rules

York-Antwerp Rules. Optional rules of practice on the subject of general average for the assistance of shipowners, merchants, underwriters and average-adjusters

Car case

and evisceration, although removal of the kidneys of the legs at the tarsus or of the head is optional; Halsbury's Laws of England, Vol. 1(2), para 1034, p. 659 [EC Council Directive 71/118, Art. 2(a) (UK)].

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