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Glossary

Offer

- is a proposal from a party to enter into a civil contract. The offer should be quite clear under Russian legislation; it must express a party’s intention to consider themselves bound by a contract with an offeree; it must contain all material terms of the contract. In the securities market a put option gives the buyer a right to sell securities to the issuer. For Eurobonds a term ’put option’ is used.

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