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Finance Dictionary and Glossary of Investment Terms
Convertible: Redeemed before maturity.Option: Call or put option exercised against the stockholder.Sale: Delivery required on a short sale.
Term describing a call option or a put option which is exercised, or a bond which is redeemed before maturity, or a delivery which is required on a short sale.
The process whereby a seller of a covered call option is obligated to surrender the underlying stock to the option buyer at the strike price of the option sold.