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CALL ON THE BEST OF N-ASSETS Definition & Legal Meaning

Definition & Citations:

An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between a predefined STRIKE PRICE and the best performing ASSET in a PORTFOLIO. See also CALL ON THE WORST OF NASSETS, MULTIINDEX OPTION, OPTION ON THE BEST/WORST OF N ASSETS, PUT ON THE BEST OF NASSETS, PUT ON THE WORST OF NASSETS.

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