CORPORATE AND INSTITUTIONAL GLOSSARY

Alphabetical Listing

Economic Life (Useful Life)

Effective Date

Effective Lease Rate

End Of Term Options

Endorsement

Equipment Schedule

Equity

Equity Participant

Escheat

European Style Option

Exchange Controls

Exchange Period

Exchange Rate

Exchange Risk

Exchangor

Executor

Exercise

Exercise Price (Strike Price)

Expiration Date

Expiration Date (Maturity)

Export

Export Broker

Export License

Exercise

To invoke the right granted under the terms of an option contract. The holder is the only one who exercises. Call holders exercise to buy the underlying currency, while put holders exercise to sell the underlying currency.

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