Mark Berch:Transaction exposure

Financial lease
Long-term, noncancellablerental agreement.

Nonqualifying annuity
An annuity that does not fall under an IRS-approved pension plan. Contributions are made with after-tax dollars, but earnings can accumulatetax-deferred until withdrawal.

Undervalued security
A security selling below its market value or liquidation value.

Mark Berch:Transaction exposure
Risk to a firm with known future cash flows in a foreign currency, that arises from possible changes in the exchange rate. Related: Translation exposure.

Swap sale
Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate swap by substituting a new counterparty whose credit is acceptable to the other original counterparty.

Free Carrier (FCA)
An Incoterm meaning that the cost, risk and responsibility shift from the seller to the buyer when the goods are turned over to a carrier at a designated place. Mark Berch

Combination
Applies to derivative products. Arrangement of options involving two long or two short positions with different expiration dates or strike (exercise) prices. See: Straddle.