combination

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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.

combination

A union of two or more entities, either by merging one or more of the entities into another of the entities or by consolidating the entities into a new entity.
Case Study Lucas Industries PLC and Variety Corporation, two manufacturers of auto and truck brakes, agreed in June 1996 to a combination to be called Lucas-Variety PLC. Managements of both firms indicated the combination was necessary so as to remain competitive in a market that demanded a global presence. The combination also was expected to produce cost savings and to result in tax savings by allowing the new firm to benefit from Lucas's tax-loss carryforwards. Terms of the agreement called for the two firms to merge into a new company through an exchange of shares. Variety's owners would receive approximately 38% of the shares of the new firm while Lucas's owners would receive the other 62% of the shares. The market prices of both firms' shares rose following announcement of the agreement, an indication that investors agreed with managements' assessment of the financial benefits of the merger.
References in classic literature ?
In battle, there are not more than two methods of attack--the direct and the indirect; yet these two in combination give rise to an endless series of maneuvers.
Referring, now, to the beginning of the cryptograph, we find the combination, 53‡‡†.
Slowly he turned the pages, scanning the pictures and the text for a repetition of the combination B-O-Y.
And man has been achieving greater and greater combinations ever since.
There is another young lady here, who is less abnormally developed than the one I have just described, but who yet bears the stamp of this peculiar combination of incompleteness and effeteness.
My brother knows him, he's dined with him- the present Emperor- more than once in Paris, and tells me he never met a more cunning or subtle diplomatist- you know, a combination of French adroitness and Italian play-acting
he continued, edging still closer to Denham, and adjusting his elbow and knee in an incredibly angular combination.
The Highwayman was so pleased with the Traveller's philosophy and wit that he took him into partnership, and this splendid combination of talent started a newspaper.
He will not be a good guardian who is wanting in either of these two qualities; and yet the combination of them appears to be impossible; and hence we must infer that to be a good guardian is impossible.
For any other combination of offences I would; but his were too unpardonable.
She made ruffled chemises of sheer linen, with her own fine edgings and French embroidery on breast and shoulders; linen hand-made combination undersuits; and nightgowns, fairy and cobwebby, embroidered, trimmed with Irish lace.
I became a - er - general member of this Society," the Duke continued, "sympathising heartily with its objects as explained to me by you, Prince, and believing, although to confess it is somewhat of a humiliation, that a certain amount of - er - combination amongst the aristocracy has become necessary to resist the terrible increase of Socialism which we must all so much deplore.