genocide (sh) and Time premium (money)

genocide (sh)

Deliberate and systematic destruction of a racial, religious, political, or ethnic group.

The term was coined by Raphael Lemkin, a Polish-born jurist who served as an adviser to the U.S. Department of War during World War II, to describe the premeditated effort to destroy a population (see Holocaust). In 1946 the UN General Assembly declared genocide a punishable crime. By this declaration, genocide by definition may be committed by an individual, group, or government, against one's own people or another, in peacetime or in wartime. This last point distinguishes genocide from "crimes against humanity," whose legal definition specifies wartime. Suspects may be tried by a court in the country where the act was committed or by an international court (see International Criminal Court). An example of genocide more recent than the Holocaust is the slaughter of Tutsi people by the Hutu in Rwanda in the 1990s.

Time premium (money)

Definition: [crh] Also called time value, the amount by which an option price exceeds its intrinsic value. The value of Definition: an option beyond its current Exercise value representing the optionholder's control until expiration, the risk of the underlying asset, and the riskless return.

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