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Glossary

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W
  • Warehouse receipt A warehouse or depository receipt is issued when delivery takes place on a commodity exchange. It specifies the grade and quantity of commodities.
  • Warrant A relatively long-term option to purchase equity stock & a specified exercise price over a specified period of time.
  • Writer The seller of an option contract who is obliged to deliver or take delivery of the underlying instrument upon notification by the buyer (holder).