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Possible Answers:
PUT.
Last seen on: Wall Street Journal Crossword – November 22 2022 – Land Development
Random information on the term “Place”:
The United States Census Bureau defines a place as a concentration of population which has a name, is locally recognized, and is not part of any other place. A place typically has a residential nucleus and a closely spaced street pattern, and it frequently includes commercial property and other urban land uses. A place may be an incorporated place (a self-governing city, town, or village) or it may be a census-designated place (CDP). Incorporated places are defined by the laws of the states in which they are contained. The Census Bureau delineates CDPs. A small settlement in the open countryside or the densely settled fringe of a large city may not be a place as defined by the Census Bureau. As of the 1990 Census, 26% of the people in the United States lived outside of places.
An incorporated place, under the Census Bureau’s definition, is a type of governmental unit incorporated under state law as a city, town (except in the New England states, New York, and Wisconsin), borough (except in Alaska and New York), or village, and having legally prescribed limits, powers, and functions. Requirements for incorporation vary widely among the states; some states have few specific criteria, while others have established population thresholds and occasionally other conditions (for example, minimum land area, population density, and distance from other existing incorporated places) that must be met for incorporation.
Random information on the term “PUT”:
In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the underlying), at a specified price (the strike), by (or at) a specified date (the expiry or maturity) to the writer (i.e. seller) of the put. The purchase of a put option is interpreted as a negative sentiment about the future value of the underlying stock. The term “put” comes from the fact that the owner has the right to “put up for sale” the stock or index.
Puts may also be combined with other derivatives as part of more complex investment strategies, and in particular, may be useful for hedging. Holding a European put option is equivalent to holding the corresponding call option and selling an appropriate forward contract. This equivalence is called “put-call parity”.
Put options are most commonly used in the stock market to protect against a fall in the price of a stock below a specified price. If the price of the stock declines below the strike price, the holder of the put has the right, but not the obligation, to sell the asset at the strike price, while the seller of the put has the obligation to purchase the asset at the strike price if the owner uses the right to do so (the holder is said to exercise the option). In this way the buyer of the put will receive at least the strike price specified, even if the asset is currently worthless.