PYROLYSIS

Using heat to transfrom a product into smaller base elements. It used very high temperatures in the range of 400 to 800 degrees Celsius. It is not the same as combustion which takes place in an oxygen rich atmosphere to produce oxidation of the product.

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PYROMANIA

See INSANITT. 970 QILE ACCESSIONUM Q

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PYROPHORIC

The name given to a substance that will self ignite at low air temperatures. These substances will ignite without the addition of a flame or ignition event.

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PUT ON A PUT

An option where the buyer can sell underlying put option back to the seller. Refer to call on a call, put on a call, and call on a put.

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PUTCALL PARITY

Relationships used to decide option prices that must remain to prevent arbitrage conditions. The sum price of the call option and strike price. This price must equal the sum of the put option and the asset. If this does not occur an arbitrage opportunity

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PUT ON ACALL

An option where the buyer can sell underlying call option back to the seller. Refer to call on a call, call on a put, and put on a put.

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PUTRESICBLE

The act of organisms that can make a food stuff or organic product or item become putrid. Any food stuff that can be attacked by the micro-organisms can be made putrid. The rotting of food stuffs.

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PUT ON THE BEST OF NASSETS

An option that pays the ending price if it is below strike price. Otherwise there is no payoff.

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PUTS AND CALLS

A “put” In the language of the grain or stock market Is a privilege of delivering or not delivering the subject-matter of the sale; and a “call” is a privilege of calling or not calling for it Pixley v. Boynton, 79 111. 351.

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PUT ON THE MINIMUM

An option where the buyer is paid the difference between the strike price and the lowest price. Refer to option on the maximum/minimum, lookback option, and call on the maximum.

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