tailieunhanh - Dictionary of Finantial and Business Terms part 6

Expensed Charged to an expense account, fully reducing reported profit of that year, as is appropriate for expenditures for items with useful lives under one year. Expiration The time when the option contract ceases to exist (expires). Expiration cycle An expiration cycle relates to the dates on which options on a particular security expire. A given option will be placed in 1 of 3 cycles, the January cycle, the February cycle, or the March cycle. At any point in time, an option will have contracts with 4 expiration dates outstanding, 2 in near-term months and 2 in far-term months. . | 51 Dictionary of Finantial and Business Terms Lico Reis - Consultoria L nguas licoreis@ Expensed Charged to an expense account fully reducing reported profit of that year as is appropriate for expenditures for items with useful lives under one year. Expiration The time when the option contract ceases to exist expires . Expiration cycle An expiration cycle relates to the dates on which options on a particular security expire. A given option will be placed in 1 of 3 cycles the January cycle the February cycle or the March cycle. At any point in time an option will have contracts with 4 expiration dates outstanding 2 in near-term months and 2 in far-term months. Expiration date The last day in the case of American-style or the only day in the case of European-style on which an option may be exercised. For stock options this date is the Saturday immediately following the 3rd Friday of the expiration month however brokerage firms may set an earlier deadline for notification of an option holder s intention to exercise. If Friday is a holiday the last trading day will be the preceding Thursday. Export-Import Bank Ex-Im Bank The . federal government agency that extends trade credits to . companies to facilitate the financing of . exports. Exposure netting Offsetting exposures in one currency with exposures in the same or another currency where exchange rates are expected to move in such a way that losses or gains on the first exposed position should be offset by gains or losses on the second currency exposure. Expropriation The official seizure by a government of private property. Any government has the right to seize such property according to international law if prompt and adequate compensation is given. Extendable bond Bond whose maturity can be extended at the option of the lender or issuer. Extendable notes Note the maturity of which can be extended by mutual agreement of the issuer and investors. Extension Voluntary arrangements to restructure a