Position resulting from the purchase of a call, giving the buyer (vendee: a buyer of an option, an asset or good) the right to purchase the underlying asset at the specified price. – See call, settlement, conversion, inverse, option, position, weak, commodity futures contract, short call, writer, covered.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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