| 单词 | contingent market |
| 释义 | contingent market A market in which contracts will only be carried out in certain states of the world, which may not occur. Some contingent markets do exist: for example, London International Financial Futures and Options Exchange markets, where the holder of a put option will only choose to exercise it if the market price is below the option price, and the holder of a call option will only choose to exercise it if the market price is above the option price. Many contingent markets do not exist: in some cases this is because too few people would be interested on trading in them to make a market economic to run. In other cases a contingent market cannot be organized because the contingencies themselves, such as the invention of currently unimagined new products, cannot be specified in advance. |
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