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。
A Study on the Pricing of Square-root Reset Options;
重设型牛市买权(熊市卖权)的定价研究
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）
have an option on a piece of land
有买卖一地皮的选择权
clearing member (options trading)
结算会员（期权买卖）
He has closed out his share of the business.
他已卖出企业的股权。
The option writer, that's us,
期权卖方，也就是我们，
a person who is authorized to act as an agent for the sale of land.
经授权代理卖土地的人。
Research on Reclaiming Right of Seller s on Retention of Title;
所有权保留买卖中出卖人取回权的研究
The Analysis of the Recall Right Existed in Title Retention;
所有权保留买卖中出卖人取回权的法律性质
On the Seller s Right to Reseizure in a Purchase and Sale with Retained Ownership;
试论所有权保留买卖中出卖人之取回权
An option to buy or sell a stock, including put, call, spread, and straddle.
优先购买权买卖股票的选择权，包括投资、交货、买卖差额和买空卖空
Writing Puts to Acquire Stock
卖出期权获得股票、立权购股
Profiteering in exploration right or mining right shall be prohibited.
禁止将探矿权、采矿权倒卖牟利。
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
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
The buyer owns the lot (s) and enjoys the right of ownership, the right of disposition and right of use.
买受人取得拍卖物并享有拍卖物的所有权、处分权或使用权.