Variable Ratio Write

• The adjusted closing price changes the closing price of a share to reflect the value of that share after accounting for any corporate action.

Allocation is the systematic distribution of business resources between different entities and over time.#

• Alphabet shares are shares of a publicly traded company that have different classes of shares, commonly referred to as “.A shares” or “.B shares”.

• Anti-dilution clauses are clauses built into convertible preferred shares to help protect investors from their investments that could lose value.

• A Convertible Asset Substitution Option Transaction, or ASCOT, is a way of separating the fixed income and equity components from a convertible bond.

• Par value is the price at which the bond was issued, also known as its face value.

• BAT stock is an acronym used to refer to China’s top three technology companies: Baidu Inc., Alibaba Holding Group Ltd. and Tencent Holdings Ltd.

• A backstop is the act of providing extreme assistance or security in an offering of securities to an unsubscribed portion of the shares.

• The basic materials sector consists of companies involved in the exploration, development and processing of raw materials.

• A bearish put spread is an option strategy implemented by a bearish investor who wants to maximize profits with minimal losses.

• A bear spread is a bear option strategy used when an investor expects a moderate decline in the price of the underlying asset.

• Bearer shares are unregistered equity securities owned by the owner of the physical shares documents. The issuing company pays dividends to holders of physical coupons.

• The Bermuda option can be exercised early, but only on certain dates before its expiration date.

• Bioremediation is a branch of biotechnology that uses living organisms such as microbes and bacteria to decontaminate affected areas.

• The “tit in hand” theory says that investors prefer stock dividends over potential capital gains due to the uncertainty of capital gains.

• Bull Spread Put is an option strategy that is used when an investor expects a moderate increase in the price of the underlying asset.

• A buyout is a reference to an investor buying back shares because the original seller was unable to deliver the shares as promised.

• Cash dividends are payments made by a company to its shareholders in the form of periodic cash distributions (as opposed to shares or any other form).

• A collar is an options strategy that involves buying a put option down and selling a put option up, which is used to protect against large losses but also cap large profits up.

• Ordinary shares are securities representing ownership of a corporation.

• Compound interest is a process in which interest is credited to the existing principal as well as to the interest already paid.

• Most interest is accrued every six months, quarter or month.

• Convertible preferred shares are a type of preferred shares that pay dividends and can be converted into ordinary shares at a fixed conversion rate after a certain period of time.

• Countertrade provides a mechanism for countries with limited access to liquidity to exchange goods and services with other countries.

• The condition of covered parity of interest rates suggests that the relationship between interest rates and the spot and forward values of the currencies of the two countries are in balance.