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Path independent

• Is a strategy and/or derivative which is not predicated on a particular occurrence or direction in price movement.

 
 Embedded terms in definition
 Derivative
 
 Related Terms
 Independent project
Path
Path dependent
Path dependent option

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

No one ever achieved greatness by playing it safe. - Harry Gray

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