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 periodicals archive ?
The problem of restoration is thus a multi-objectives problem (supplying of loads, reliability, speed of restoration) in highly combinative matter, at each stage a great number of operations is possible and such a significant number of state is identified.
Moreover, some products of the combinative fibres structure are used for certain constructions [4].
Al-Tusi's text and the results it contains will not disappear with their author; they are found again in a later treatise which was completely devoted to the combinative analysis.
That the Reds are not in the top three has little to do with ability but a lack of a combinative dedication.
Effective integration of new knowledge and information influences the firm's combinative capabilities, the ability to "generate new combinations of existing knowledge" and to "exploit its knowledge of the unexplored potential of the technology" (Kogut & Zander, 1992: 391).
those of narrative: imitation shifts the semantic units from pure combinative discontinuity to tableau vivant, or, one might say, from structure to event.
Although related to the beautiful and the sublime, the picturesque is a uniquely combinative principle, blending the skills of selection and emphasis to recognize what Uvedale Price in Essays on the Picturesque (1810) calls "roughness, irregularity and abrupt variation," all circumscribed by "a larger composition" (27) in which irregularity is stabilized to produce a "delight" that is "immediate and universal" (214).
Like Donald Hair, Johnstone considers Browning's view of language as essential Lockean; for Browning, as for Locke, the truth of propositions is inseparable from the "particles," the connective, combinative, relational aspect of language.
The new spirituality full-blown among us in the early twenty-first century is less shy, however, about its combinative tropes and figures.
Basics of Visual Thinking: Visual thinking strategies are designed to increase students' ability to think in configurational terms, increase both flexibility and fluidity in generating visual ideas, teach combinative thinking, and promote reflection throughout the course of graphic ideation.
For the catastrophic effect upon Shakespeare of his recurrence to this theme in Hamlet we may look to the comparatively open and terribly combinative representation.
My favorite combinative ad, however, features a one-time kid now grown up to a kind of professional celebrityhood himself, as the look-alike son of one of America's most beloved twentieth-century comedians; in an endearing flashback, he recalls his father's supposed advice about natural foods - and then advertises the whole-grain cereal himself.