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Obligation

Options market

Over the Counter (OTC)

Obligation. Credit instrument that represents the individual participation of its holders in a collective credit.

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Options market. Organized market in which options are traded on assets (shares, bonds, equities, currencies). All contracts are standardized.

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Over the Counter (OTC). A security which is not traded on an exchange. For such securities, broker/dealers negotiate directly with one another over computer networks and by phone.

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