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Corporate and Institutional Glossary

IRC 1031 Identification Period Implied Volatility Import Import License Import Permit In-The-Money Inconvertibility Indemnity Clause Indenture Of Trust (Indenture) Indirect Exporting Inherent Vice Inland Carrier Inspection Certificate Insurance Certificate Interim Certificate Investment Stock Invoice Irrevocable Irrevocable Trust Issuer Issuing Bank/Opening Bank

Implied Volatility A measurement of the degree of day-to-day fluctuation of the underlying currency determined by using option prices currently existing in the market.

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