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| Option |
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| Agreement entitling the holder to buy (call) or sell (put) shares, commodities etc within a given time and at a given price, from or to the other party to the agreement. |
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| Ordinary Shares |
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| The main type of equity capital, and the main sort of investment trust share which is of interest to the private investor. |
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| Out of the money |
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| Warrants or options with an exercise price higher than the market price. |
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| Overweight |
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| A portfolio is said to be overweight in a market, sector or security, if its holding in that market, sector or security represents a higher percentage of its total portfolio than the weighting of that market, sector or security in the relevant benchmark index (opposite of Underweight). |
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