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Options Clearing Corporation (OCC)
Definition
Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts.
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Debit spread
Applies to derivative products. Difference in the value of two options, when the value of the option bought exceeds the value of the one sold. One buys a "debit spread." Antithesis of a credit spread.
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