A communication notifying one party of facts or circumstanced demonstrating damages that they party has caused to a second party, typically in the context of initiating a civil action or lawsuit, demonstrating that the second party is entitled to sue for money or other damages. An investor who believes that they have sustained losses due to dishonesty or negligence on the part of a broker may bring a claim against that broker to obtain compensation through a civil action.
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Perpetual option (XPO)
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