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 ?
A combinatory overlay approach of output produces spatial surfaces that, albeit conservative, can be used to identify sections of Holy Cross where recovery and continuing blight are concentrated.
We hypothesized that the combinatory effects of plyometric and resistance training would result in significantly greater improvements in performance as compared to resistance training and static stretching.
The psychedelic experience induces creative production by facilitating "blind variation and selective retention" (Simonton 1999; Campbell 1960) from a vastly larger pool of combinatory possibilities that are fostered through various perceptual alterations provoked by the psychedelic experience.
He was an enthusiast defender of the permutational combinatory art, and showed that, for instance, from a strictly syntactic viewpoint, a text is represented, in fact, by combinations of letters, words, punctuation signs, empty spaces, digits, ideographical symbols etc.
In these proceedings from the November-December 2005 symposium, contributors present their research in combinatory and high-throughput approaches, complex materials and device systems.
Third, the syntagmatic interaction or the combinatory relationship among meaningful symbolic units, called valence (Langacker 1987, 1988), crucially presupposes correspondences (indicated as dashed lines in [11]) between elements or substructures in component units, which can be interpreted as instructions for superimposing or unifying the corresponding substructures.
As combinatory and historical rather than essential or multiple or fractured, sociotechnical networks illuminate all of the actors in the dynamic ways that they help fabricate social events.
West treats first the combinatory ("a system of a finite number of elements and a set of rules for combining them in regular ways" 83) of Giulo Camillo, whose L'Idea del Theatro (1550) described an amphitheater in which "users" stood onstage and viewed mythical and historical figures carefully arranged before them in twelve columns of seven rows each.
Even the combinatory form of intersex does not promote a new gender possibility but rather permits the natural occurrence (from birth only) of both genital models.
According to Relational Frame Theory (RFT), equivalence emerges because the three properties of mutual entailment, combinatory entailment, and transformation of function, are directly trained, and that any subject with a relevant history with respect to these properties will derive the frame of coordination and show equivalence classes.
Whether the aim is forging a method, even logic (as in the meeting of Aristotle and Euclid in relation to the axiomatic method), or the appeal of al-Tusi's combinatory analysis in order to solve the philosophical problem of the emanation from the one, their collaboration is again not rare.
Simple switch exchange methods are considered inefficient as they often lead to local optimality "traps", and for large networks, only methods based on heuristics and on combinatory methods are considered suitable.