Mark Berch:Transferable Stock Options

Discharge of bankruptcy
The termination of bankruptcy proceedings, resulting in cancellation of the debtor'sobligations.

Target zones
Implicit boundaries on exchange rates established by central banks.

Foreign exchange broker
Intermediaries in the foreign exchange market that do not put their own money at risk.

Mark Berch:Transferable Stock Options
Options that provide by their terms that they may be transferred by the optionee, generally only to a family member or to a trust, limited partnership or other entity for the benefit of family members, or to a charity.

Account Ad Valorem Duty
An imported merchandise tax expressed as a percentage.

Deficit
An excess of liabilities over assets, of losses over profits, or of expenditure over income. Mark Berch

Eurodollar obligations
Certificates of deposit issued in U.S. dollars by foreign banks and foreign branches of U.S. banks.