adj
Verde
adj
1
Describing a financial option that can only be exercised on set dates spaced further apart than every quarter — typically once a year.
"The contract specified a verde exercise schedule, allowing action only on each anniversary date."
How to Use Verde
Learner’s notesIn plain EnglishA finance term for an option you can only use on widely spaced, pre-set dates, often once a year.
Word Forms
Verdes plural
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The contract specified a _____ exercise schedule, allowing action only on each anniversary date.