Cash Close definition

Cash Close means, in respect of an Index Calculation Date, the official closing level (in index points) of the Underlying Index on such day, as published on the Price Source.
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Examples of Cash Close in a sentence

  • Any Cash Close Out made under this Section 7.1.4 shall be paid within two Business Days of the exercise of such Warrant by (a) wire transfer of immediately available funds or (b) certified or official bank check payable to the order of the holder.