American option
An option that can be exercised on any day, including its expiration date. — Also termed American-style option. Cf. European option.
Search Results for: American option
options price reporting authority
Options Price Reporting Authority. A national market-system plan approved by the SEC for collecting and disseminating last-sale and quotation information on options traded on a five-member exchange consisting of the American Stock Exchange, the Chicago Board of Options Exchange, the New York Stock Exchange, the Pacific Stock Exchange, and the Philadelphia Stock Exchange. — Abbr.
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embryo adoption
Slang. The receipt of a frozen embryo that is implanted into a recipient’s womb. • Donors must waive all parental rights before the recipients of the embryo assume legal ownership or custody. The process is not considered to be a legal adoption because American law does not treat embryos as children.
European option
An option that can be exercised only on its expiration date. — Also termed European-style option. Cf. American option.
indian child welfare act
Indian Child Welfare Act. A federal act that governs child-custody proceedings — including foster-care placement, preadoptive placement, adoptive placement, and termination of parental rights — in cases involving a child of American Indian descent.25 USCA §§ 1911 et seq. • Congress enacted the Act to help protect the best interests of Indian children, to promote
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incest
incest, n. 1. Sexual relations between family members or close relatives, including children related by adoption. • Incest was not a crime under English common law but was punished as an ecclesiastical offense. Modern statutes make it a felony. “Although incest under both English and American law is a distinct crime, its commission may involve
lex commissoria
lex commissoria (leks kom-i-sor-ee-a). [Latin “forfeiture clause” or “cancellation clause”] Roman law. 1. A term in a contract of sale allowing the seller to rescind the sale if the price was not paid by the agreed time. 2. A clause by which, in a pledge agreement, a debtor and creditor could agree that if the