Tag: contracts

What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...

What is an 'Underlying Asset' An underlying asset is the security or commodity underlying a Derivative. The most common type of derivative is a futures...

What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...

LIBOR stands for the London InterBank Offered Rate. It is also termed as ICE LIBOR these days because the Inter Continental Exchange or ICE...

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...

What is the last trading day for a security The last trading day for a security is the final day that trading can take place...

What is an 'Economic Derivative' An economic derivative is a relatively new form of derivative contract (the first ones were traded in...

What is the 'S&P 500 Mini' The S&P 500 mini is a derivative contract representing a designated fraction of the trading value...

What is 'AAAA Spot Contract' A standardized contract drawn up by the American Association of Advertising Agencies that governs the purchase of...

What is the E-Mini and how does it work The E-Mini is a stock market index futures contract that tracks the value of the S&P...