The results show that divestitures can increase the parent s shareholders wealth when the spun-off incorporated firm value exceeds the unincorporated firm value,and that the value created by corporate spin-offs is the increase in the value of the put option of parent shareholders stock.
结果表明:当分拆后的母公司股票的卖出期权价值大于未分拆状态时的母公司股票的卖出期权价值时,分拆就能为母公司股东创造价值;公司分拆所创造的价值是母公司股票卖出期权价值的增加,来源于公司对负协同效应进行调整所获得价值的现值。
The option writer, that's us,
期权卖方，也就是我们，
The buyer will have the option to renegotiate with the seller for a new delivery date.
买方有权就新的交货日期与卖方磋商.
An option which provides the right to buy a currency and sell the base currency is a call option.
买方期权是指期权买方有权买进一种货币，卖出另一基准货币。
SEHK traded option
在联交所买卖的期权
Clearing Participant (options trading)
结算参与者（期权买卖）
clearing member (options trading)
结算会员（期权买卖）
A put option provides the right to sell a currency and buy the base currency at the agreed rate.
卖方期权则是一项按商定的汇率卖出一种货币并买进一种基准货币的权利。
"In case the Buyer's inspectors are not present in due time not due to the Seller's fault, the Seller has the right to carry out the assembly and the inspection on its own."
如果买方的技术人员不能按期到场并不属于卖方的过错,卖方有权自行安装和检验。
Analysis of Supply Chain Coordination Mechanism in Online-Reserve-Auctioning a Contract with Option and Side Payment;
在线逆向拍卖期权和单方支付契约下的供应链协调机制分析
As regards stock options, contracts in respect of a total of 17 stocks were traded in the market by the end of the year.
股票期权方面，到一九九九年年底，共有17只股票的期权合约在市场上买卖。
As regards stock options, contracts in respect of a total of 31 stocks were traded in the market by the end of the year.
股票期权方面，截至二零零一年年底，共有31只股票的期权合约在市场上买卖。
Writing Puts to Acquire Stock
卖出期权获得股票、立权购股
The Nature of the Buyer s Contingent Right in Conditional Sales;
所有权保留买卖买受人期待权之本质
Buyer s Expecting Right in Title Retention;
论所有权保留买卖中买受人的期待权
for example, regarding the delivery date, do you think it would be better to add to the sentence " should the seller delay delivery, the buyer is entitled to invoke a penalty?"
比如说，在交货日期方面，是否能够加上“如卖方延期交货，买方有权提出罚款”的规定呢？
put and call option
期货抛出和买进选择权;卖出买入选择权;卖出与买入选择权
Put breakeven equals the strike price minus the premium.
卖出期权的收支平衡等于执行价减去期权金。
or he can let the option drop, or indeed he can sell it back to us.
也可使期权落空，也可以将期权再卖回给我们。
