Related Words

Back On The Shelf: In the context of general equities, permanently cancelled order/interest in a stock by a customer. See: Take a powder.

Options Clearing Corporation (OCC): The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options. The OCC also assigns exercised options f . . . View Full Definition

Options Contract: A contract that, in exchange for the option price, gives the option buyer the right, but not the obligation, to buy (or sell) a financial asset at the exercise price from (or to) the option . . . View Full Definition

Options Class: An options class includes all the calls or all the puts on a single underlying instrument that share some of the same terms, such as contract size and exercise style. For example, in the cas . . . View Full Definition

Options Contract Multiple: A constant, set at $100, that when multiplied by the cash index value gives the dollar value of the stock index underlying an option. That is the dollar value of the underlying stock index = . . . View Full Definition

Options Chain: Options chains are charts showing all the options currently available on a particular underlying instrument. A chain, also called an options string, provides the latest price quotes for all . . . View Full Definition

Optional Payment Bond: A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder.

Options Contracts: A contract traded on a commodity futures exchange that gives the buyer the right without obligation to buy or sell a futures contract over a specified time period. The FAIR Act of 1996 requi . . . View Full Definition

Oral Transmission: Preservation of music without the aid of written notation.

Orchestration: Arranging a piece of music for an orchestra. Also, the study of music.