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Underlying security

• Options: the security subject to being purchased or sold upon exercise of an option contract. For example, IBM stock is the underlying security to IBM options. Depository receipts: The class, series and number of the foreign shares represented by the depository receipt.

 
 

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 Embedded terms in definition
 Class
Contract
Exercise
Foreign
Options
Option
Security
Series
Shares
Stock
Subject
Underlying
 
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