A financial instrument that is not traded on a formal exchange as it doesn’t meet the necessary requirements.
Unlisted Security
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Uncovered Call
When a call option is sold by itself without any offsetting positions.
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A put option contract where the option writer does not hold the underlying position to cover the contract in case of assignment.
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Underwriter (Investment Banker)
The process where a bank raises capital for a client from investors in the form of equity or debt securities.
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