An eye formed in the bight or bend of a shroud or stay to go over the masthead; also, a rope to which certain parts of rigging, as dead-eyes, are secured.
A trading strategy using options such that there is both an upper limit on profit and a lower limit on loss, constructed through taking equal but opposite positions in a put and a call with different strike prices.
From Middle English coler, borrowed from Old French coler (Modern French collier), from Late Latin collāre, from Latin collāris, from collum. Cognate with Gothic 𐌷𐌰𐌻𐍃 ("neck"), Old English heals ("neck"). Compare Spanish cuello ("neck"). More at halse.
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