AT THE MONEY Definition

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AT THE MONEY is an option where the strike price is approximately equal to the underlying price.

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CUSTOMS are the authorities charged with collecting duty and controlling the entry of merchandise into a country.

NOSTRO ACCOUNT is an account held by a bank in a foreign country in the currency of that country e.g., a German bank with an account in New York will call the record in its own books of its New York account a nostro account.

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