Underlying Security
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The security that may be bought with a call, or sold with a put. On Series 7 the underlying securities include: - 100 shares of a common stock (XYZ in example at top of page) - almost all of the well-known companies, and very few of the lesser known ones. - Treasury Bills and Treasury Bonds - Foreign currencies, such as the British Pound - Stock market indices such as the Standard & Poors 100 |
Related Terms: | ||
Treasury Bill The Treasury bill, or T-bill, is a zero coupon bond issued for terms of one month ... CBOT CBOT products are futures-based products trading on U.S. Treasury bills, 2-year U.S. Treasury notes, 5-year U.S. ... Treasury Stock When a company buys its own stock back, that stock is recorded at cost and reported ... |
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