May 192021
 

An (option) instrument issued by a company giving the holder the right to buy new shares in the company at the strike price on an agreed date or range of dates. Often issued as a package of bonds with detachable warrants.

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Apr 182021
 

A term often used to describe an option because of its limited life. Shortly before its expiration, an out-of-the-money option has only time value, which declines rapidly. For an in-the-money option, only intrinsic value is left upon expiration. At the end of its life, an option that has no intrinsic value is worthless, i.e. it has wasted away

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Aug 252020
 

A residual output of a production process that has no sales value and must be disposed of

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