The right granted under the terms of a listed options contract.
Exercise Price
The price at which the security underlying a future or options contract may be bought or sold.
The act of ending a trading position in the market.
Expected Return
The expected return on a risky asset, given a probability distribution for the possible rates of return.
Expert Systems
A type of application program that makes decisions or solves problems in a particular field by using knowledge and analytical rules defined by experts in the field.