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mark

adjust (cash deposited with a lender of securities) to the prevailing market price 2 : to value (an option or futures contract) in accordance with the market value prevailing on the last business day of the year

mortgage modification

mortgage modification a loss mitigation option that allows a borrower to refinance and/or extend the term of the mortgage loan and thus reduce the

open

or activity [the stock ed at par] 2 : to begin the trial of a case [defendant…has the option of presenting an opening statement immediately after plaintiff s "J. H. Friedenthal et al."]

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optionee

optionee : one who is granted or buys an option

optionor

optionor : one who grants or sells an option

pair-or-set clause

pair-or-set clause : a provision in an insurance policy giving the insurer the option in the case of loss of fewer than all items in a set to restore the set to

permissive

compulsory: as a : allowed or made under a standard, rule, or provision that permits discretion or an option see also permissive intervention at intervention permissive presumption at presumption compare compulsory b : allowed under modern rules

Custom

been continued and (3) peaceable; also (4) reasonable and (5) certain; (6) compulsory, and not left to the option of every person, whether he will use it or not; and (7) consistent with other customs, for one

nonrenewable

That can not be renewed as a nonrenewable option books on that shelf are nonrenewable Opposite of renewable

County Courts

therein mentioned, may apply in a summary way to any judge of the High Court or (at the option of the applicant irrespectively of the value of the property in dispute) to the judge of the County

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