Basic Options Features

An option is a contract between two parties the option buyer and the option seller. The buyer has the right, but not the obligation, to buy or sell an underlying asset at a specified price during a specified period or at a specified time (usually the expiry date of the contract). The price of an option 

If the owner of an option elects to exercise it and enter into the underlying trade, the option writer is obliged to execute under the terms of the contract. The price at which an option specifies that the underlying asset may be bought or sold is the exercise, or strike, price. The expiry date of an option is the last day on which it may be exercised. Options that can be exercised anytime from the day they are struck up to and including the expiry date are called American options. Those that can be exercised only on the expiry date are known as European options. 

The profit-loss profile for option buyers is quite different from that for option sellers. Buyers potential losses are limited to the option premium, while their potential profits are, in theory, unlimited. Sellers potential profits are limited to the option premium, while their potential losses are, in theory, unlimited at the least, they can be very substantial. (For a more in-depth discussion of options profit-loss profile, see chapter 8.) 

FIGURE 11.1 Call Schedule for the ABC Corp. 6 Percent Bond 

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For highly exothermic reactions the so-called HEX reactors present a very promising option. The basic common feature of all HEX reactors is much more favorable heat transfer conditions in comparison with conventional reactors (heat transfer coefficients typically 3500-7500 W/m2K, heat transfer areas up to 2200 m2/m3). A HEX reactor developed by BHR Group Ltd. (Figure 14) was able to decrease the by-product formation in one of ICI Acrylics processes by 75% (41) and to decrease the processing time in a Hickson Welch fine chemical process from 18 hours to 15 minutes, saving 98.6% of batch time (42). 

What are the basic and what are the optional features of a central processing unit Are all of them needed for a process control computer ... 

Dijferentiation enabler Differentiation enablers (DEs) are basic elements making products different from one another. They are the source of variety within a product family. From the customer perspective, DEs may be in the form of option features, accessories, or selectable feature values. In a computer, for example, while a CD drive is an optional feature (yes/no), the RAM must be one instance of a set of selectable feature values, such as 64K, 128K, and 256K bites. In the engineering view, DEs may be embodied in distinct structural relationship (structural DEs) and/or various modules with different performance (constituent DEs). Each engineering DE usually has more than one alternative applicable to product variant derivation for specific applications. 

On the other hand, many of the longer-term and some of the nearer-term concepts identify centralized or regional fuel cycle support services as basic option and suggest that such services could, probably, be provided under an international control. Special features of small reactors without on-site refuelling that could facilitate their deployment for operation with the outsourced fuel cycle services are summarized in brief below. 

A number of different fiber-coupled probe designs for measuring Raman spectra are commercially available [73,174-183]. Although their architectures can be quite different, there are some basic functions they all must address, along with optional features only some provide. All fiber probes for Raman spectroscopy aim to capitalize on the same basic benefits, namely all-optical remote sensing and flexible sampling convenience. 

Special features - Multi-module plant as basic option - Shop fabrication of major reactor and internal components - 4-module plant as basic option - Simplified operational licensing requirements (possible) - Flexible siting... 

Most of the design descriptions of water cooled SMRs specify low enrichment uranium and once-through fuel cycle as basic options. Therefore, the features contributing to proliferation resistance of such SMRs are essentially similar to that of presently operated PWRs and BWRs. They include low enrichment of fresh fuel, low residual... 

A methadone detoxification is more often completed if it is done as an inpatient than as an outpatient (Gossop et al. 1986), but many individuals are reluctant to be admitted, and various other limitations of inpatient treatment were indicated in the Introduction. In attempting to provide the most useful combination of treatments in a community setting, we have no problem with offering methadone detoxification as an option, basically in cases where there are not the features favourable for the quicker methods. However, we do not expect it to proceed in a simple manner, and some of the more important practical management considerations are discussed below. 

The various options and search criteria are clearly listed in several introductory front pages and they are discussed in a general information section, where also other special features of the database are reviewed. In addition, this section includes a short compendium on atomic spectroscopy, which contains the basic physics, formulas and conversion factors in atomic spectroscopy, as well as a discussion of spectroscopic notations. 

A suitable automated preparation system providing almost all features was found in the "Accelerator Synthesizer" platform from Chemspeed Technologies. Equipped with 24 lOOml-glass-vessels, two heating zones, solid and liquid dosing unit, evaporator, and "filtration-to-waste" option, the system allows conducting the necessary basic preparation steps with the desired sample size. A pH control system was additionally developed by Degussa. 

A single bond is the basic bond created by DRAW, RING (and the item GROUP not yet considered). The BOND option allows the user to select a bond type from the BOND sub-menu and change the nature of any explicit, non-aromatic bond in the structure to the selected type. The endpoints of the bond to be altered are accessed by the mouse after a bond type has been selected. A dotted bond type can be used for limited description of stereo arrangement. A bond-erase feature is built into the sub-menu and is obtained by selecting bond-type zero. Examples of the different bond-types appear in Figure 1. 

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