Line 803 - "Reserves as Options" - The IRC does not see the benefit of re-phrasing widely understood concepts for reserves. See the CIM and IRC submitted work where reserves are products.
Maintain consistency with genral business definitions:
a. The exclusive right, usually obtained for a fee, to buy or sell something within a specified time at a set price.
b. The privilege of demanding fulfillment of a contract at a specified time.
Maintain consistency with genral business definitions:
a. The exclusive right, usually obtained for a fee, to buy or sell something within a specified time at a set price.
b. The privilege of demanding fulfillment of a contract at a specified time.