SYNTHETIC LONG POSITION

When long call and short put options have the same strike prices that resemble a long position. Refer to synthetic short position.

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SYNTHETIC NATURAL GAS (SNG)

A mix of petroleum hydrocarbon gases with similar properties to natural gas. Called substitute natural gas.

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SYNTHETIC OPTION

Combining the long and short options of two securites.

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SYNTHETIC SHORT POSITION

Long put and short call options that resemble a short position. Refer to synthetic long position.

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SYNERGISM

Interaction between entities, agents, substances or factors to produce a greater effect than the total of all the individual effects.

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SYNERGISTIC EFFECT

Interaction between entities, agents, substances or factors to produce a greater effect than the total of all the individual effects. Opposite of antagonism. See synergism.

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SYNERGY

State where 2 or more things are working together in a productive way.

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SYNGRAPH

The name given by the canonists to deeds of which both parts were written on the same piece of parchment, with some word or letters of the alphabet written between them, through which the parchment was cut in such a manner as to leave half the word on one part and half on the other. It thus corresponded to the chirograph or indenture of the common law. 2 Bl. Comm 295, 296. A deed or other written instrument under the hand and seal of all the parties.

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SYNOD

A meeting or assembly of ecclesiastical persons concerning religion; being the same thing, in Greek, as convocation in Latin. There are four kinds: (1) A general or universal synod or council, where bishops of all nations meet; (2) a national synod of the clergy of one nation only; (3) a provincial synod, where ecclesiastical persous of a province only assemble, being now what is called the “convocation;” (4) a diocesan syn- od, of those of one diocese. See Com. v. Green. 4 Whart. (Pa.) 560; Groesbeeck v. Dunscomb, 41 How. Prac. (N. Y.) 344. A synod in Scotland is composed of three or more presbyteries. Wharton.

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