the security, commodity, or cash index to be delivered in the event an option is exercised.
the term used to define an investment that returns less than a benchmark or other measure of similar investments.
a security or currency whose price is below its perceived value.
refers to a portfolio that has less exposure to a particular sector, compared with a neutral or benchmark position.
an intermediary, such as a broker or bank, which arranges the sale of an issue of securities to the investing public. if any stock fails to be placed with institutions or investors, the intermediary undertakes to purchase the unsold securities, ensuring the company of raising of the full amount of money it is seeking.
a person or organization who has lent money without obtaining collateral, so that repayment is dependent solely on the borrower's ability and willingness to repay.
entities responsible for providing services to the community such as gas, electricity, and water.