Business / Agriculture / Options Contracts: A contract traded on a commodity futures exchange that gives the buyer the right without obligation to buy or sell a futures contract over a specified time period. The FAIR Act of 1996 requires USDA to conduct research through pilot programs to determine if futures and options contracts can provide producers with reasonable protection from the financial risks of fluctuations in price, yield, and income inherent in the production and marketing of agricultural commodities.
Business / Finance / Options Clearing Corporation (OCC): Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts. MORE
Business / Agriculture / Area Yield Options Contract: A contract entitling the holder to receive a payment when the area yield is below (above) the put (call) option strike yield. The strike yield is the yield at which the holder of an option contract ca MORE