Executor

A person named in a will to administer an estate. The court will appoint an administrator if no executor is named. "Executrix" is the feminine form.

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Volatility

A measure of the unceratinty or risk in the future price of an asset. Typically volatility is measured by the standard deviation or variance of returns on the asset. Also, volatility is a variable that appears in option pricing formulas. In the option pricing formula, it denotes the volatility of the underlying asset return from now to the expiration of the option.


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