Limited life. Unlike stocks, derivative warrants have an expiry date and therefore a limited life. Unless the derivative warrants are in-the-money, they become worthless at expiration.
Appears in 20 contracts
Samples: Account Opening Agreement, Account Opening Agreement, Account Opening Agreement
Limited life. 5.2.3.1 Unlike stocks, derivative warrants have an expiry date and therefore a limited life. Unless the derivative warrants are in-the-money, they become worthless at expiration.
Appears in 5 contracts
Samples: Securities Account Agreement, Securities Account Agreement, Client Securities Account Agreement
Limited life. Unlike stocks, derivative warrants have an expiry date and therefore a limited life. Unless the derivative warrants are in-the-money, they become worthless at expiration. One should be aware that other factors being equal the value of derivative warrants will decrease over time as they approach their expiry dates. Therefore, derivative warrants should never be viewed as products that are bought and held as long term investments.
Appears in 1 contract
Limited life. Unlike stocks, derivative warrants have an expiry date and therefore a limited life. Unless the derivative warrants are in-the-money, they become worthless at expiration. One should be aware that other factors being equal the value of derivative warrants will decrease over time. Therefore, derivative warrants should never be viewed as products that are bought and held as long term investments.
Appears in 1 contract
Samples: Securities Trading Agreement
