Terms
As with other futures, the conventional maturity dates are the IMM dates, namely the third Wednesday in March, June, September and December. The conventional option maturity dates are the first Friday after the first Wednesday for the given month.
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Famous quotes containing the word terms:
“Multitude, solitude: equal and interchangeable terms for the active and prolific poet.”
—Charles Baudelaire (1821–1867)
“Books have their destinies like men. And their fates, as made by generations of readers, are very different from the destinies foreseen for them by their authors. Gulliver’s Travels, with a minimum of expurgation, has become a children’s book; a new illustrated edition is produced every Christmas. That’s what comes of saying profound things about humanity in terms of a fairy story.”
—Aldous Huxley (1894–1963)
“It must be a peace without victory.... Victory would mean peace forced upon the losers, a victor’s terms imposed upon the vanquished. It would be accepted in humiliation, under duress, at an intolerable sacrifice, and would leave a sting, a resentment, a bitter memory upon which the terms of peace would rest, not permanently, but only as upon quicksand.”
—Woodrow Wilson (1856–1924)