Adjustment has many meanings in multiple contexts. In relation to insurance, it is the determination of the amount due for...
An option that is embedded in a derivative financial instrument whereby one party has a choice over settlement. In other...
In the context of credit default swaps (CDS) and similar credit derivatives, settlement takes place once a credit event (bankruptcy,...
Generally, it is the date a transaction is completed, i.e., the date that performance (the actual exchange: money vs asset...
A practice in bankruptcy proceedings whereby a bankruptcy court may enforce contracts that are in the money to the bankrupt counterparty while abrogating contracts...