obligation to purchase
21option — op·tion 1 / äp shən/ n 1: the power or right to choose; also: a choice made or available 2: a privilege of demanding fulfillment of a contract on any day within a specified time 3: a contract conveying in exchange for the payment of a premium a… …
22United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …
23Put option — NOTOC A put option (sometimes simply called a put ) is a financial contract between two parties, the seller (writer) and the buyer of the option. The put allows its buyer the right but not the obligation to sell a commodity or financial… …
24call — The period at market opening or closing during which futures contract prices are established by auction. The CENTER ONLINE Futures Glossary An option that grants the holder the right to purchase an instrument in the future at a price established… …
25Closed-End Lease — A rental agreement that puts no obligation on the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a true lease , walkaway lease or net lease . Since the lessee has no… …
26warrant — (1) An order drawn by a payor directing its treasurer to pay a specified amount to the person named or to the bearer. It may be payable upon demand, in which case it usually circulates in the same way as a bank check; or it may be payable only… …
27Socialized medicine — is a term used to describe a system for providing medical and hospital care for all at a nominal cost by means of government regulation of health services and subsidies derived from taxation.[1] It is used primarily and usually pejoratively in… …
28Floortion — A type of option that gives the holder the right, but not the obligation, to purchase or sell an interest rate floor at a specific price during a predetermined period of time. A floortion combines the benefits of both an interest rate floor and… …
29PEDDLING — PEDDLING, the retail sale of wares or trade services and the buying up of agricultural and village produce by an itinerant seller, craftsman, or buyer who made relatively short trips, usually recurrent, to the places where his clients or… …
30Debrett's — Debrett’s (/dəˈbrets/[1]) is a specialist publisher, founded in 1769 with the publication of the first edition of The New Peerage. The name Debrett s honours John Debrett (see below). This genealogical guide to the British aristocracy evolved… …
