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CORPORATE & INSTITUTIONAL GLOSSARY


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Current TermOut-Of-The-Money
Out-Of-The-Money
A term describing an option that has no intrinsic value. A call option is out-of-the-money if the forward/future/spot is less than the strike price of the call; a put option is out-of-the-money if the forward/future/spot is higher than the strike price of the put.