FLEXIBLE EXCHANGE (FLEX) OPTION

\flˈɛksɪbə͡l ɛkst͡ʃˈe͡ɪnd͡ʒ flˈɛks ˈɒpʃən], \flˈɛksɪbə‍l ɛkst‍ʃˈe‍ɪnd‍ʒ flˈɛks ˈɒpʃən], \f_l_ˈɛ_k_s_ɪ_b_əl ɛ_k_s_tʃ_ˈeɪ_n_dʒ__ f_l_ˈɛ_k_s__ ˈɒ_p_ʃ_ə_n]\

Definitions of FLEXIBLE EXCHANGE (FLEX) OPTION

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1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black