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Array and Pack

noun

  • An orderly arrangement.
    • usage: "an array of troops in battle order"
  • An impressive display.
    • usage: "it was a bewildering array of books"; "his tools were in an orderly array on the basement wall"
  • Especially fine or decorative clothing.
  • An arrangement of aerials spaced to give desired directional characteristics.

verb

  • Lay out orderly or logically in a line or as if in a line.
    • usage: "lay out the clothes"; "lay out the arguments"
  • Align oneself with a group or a way of thinking.

noun

  • A large indefinite number.
    • usage: "a battalion of ants"; "a multitude of TV antennas"; "a plurality of religions"
  • A complete collection of similar things.
  • A convenient package or parcel (as of cigarettes or film. )
  • An association of criminals.
    • usage: "police tried to break up the gang"; "a pack of thieves"
  • An exclusive circle of people with a common purpose.
  • A group of hunting animals.
  • A cream that cleanses and tones the skin.
  • A sheet or blanket (either dry or wet) to wrap around the body for its therapeutic effect.
  • A bundle (especially one carried on the back. )

verb

  • Arrange in a container.
    • usage: "pack the books into the boxes"
  • Fill to capacity.
    • usage: "This singer always packs the concert halls"; "The murder trial packed the court house"
  • Compress into a wad.
    • usage: "wad paper into the box"
  • Carry, as on one's back.
    • usage: "Pack your tents to the top of the mountain"
  • Set up a committee or legislative body with one's own supporters so as to influence the outcome.
    • usage: "pack a jury"
  • Have with oneself; have on one's person.
    • usage: "She always takes an umbrella"; "I always carry money"; "She packs a gun when she goes into the mountains"
  • Press tightly together or cram.
    • usage: "The crowd packed the auditorium"
  • Hike with a backpack.
    • usage: "Every summer they are backpacking in the Rockies"
  • Press down tightly.
    • usage: "tamp the coffee grinds in the container to make espresso"
  • Seal with packing.
    • usage: "pack the faucet"
  • Have the property of being packable or of compacting easily.
    • usage: "This powder compacts easily"; "Such odd-shaped items do not pack well"
  • Load with a pack.
  • Treat the body or any part of it by wrapping it, as with blankets or sheets, and applying compresses to it, or stuffing it to provide cover, containment, or therapy, or to absorb blood.
    • usage: "The nurse packed gauze in the wound"; "You had better pack your swollen ankle with ice"

Pack is a Forward (q. V.) Strip (q. V.,#2), each corresponding to a particular year, of four consecutive, quarterly Eurodollar or Euroyen futures contracts. Markets, such as Simex offer a Pack as a convenient package of futures contracts, without the execution risk inherent in building up the Strip, contract by contract. A trader can use Packs and Bundles (q. V.) to implement bets on the change in shape of the Forward Curve.