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Tuesday's Term
Allowances
Definition:
The discounts (premiums) allowed for grades or locations of a commodity lower (higher) than the par (or basis) grade or location specified in the futures contract. See Differentials.
Buy (or Sell) On Close
Definition:
To buy (or sell) at the end of the trading session within the closing price range.
Exercise Price (Strike Price)
Definition:
The price, specified in the option contract, at which the underlying futures contract, security, or commodity will move from seller to buyer.
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Securities Terms >
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