Exercise Action
Definition
Exercise Action. Some action in which spome party decides to exercise some option or some optionality concept.
These include puts and calls - I can put it to you or I can call it from you. can also be full or partial. Hence full call, partial call. Note that in Bonds, only the Issuer can call it, and only the Holder can Put it. However with this exception / narrowing of scope, the meaning of Put and Call are the same as for any other context, it's just that the implied other two cominations are not realizable in the world of Bonds.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
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