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In thermodynamics, a spontaneous process is a process which occurs without any external input to the system. A more technical definition is the time-evolution of a system in which it releases free energy and it moves to a lower, more thermodynamically stable energy state (closer to thermodynamic equilibrium).
A delta one product is a derivative with a linear, symmetric payoff profile. That is, a derivative that is not an option or a product with embedded options. Examples of delta one products are Exchange-traded funds, equity swaps, custom baskets, linear certificates, futures, forwards, exchange-traded notes, trackers, and Forward rate agreements ...
An endothermic process is a chemical or physical process that absorbs heat from its surroundings. [1] In terms of thermodynamics, it is a thermodynamic process with an increase in the enthalpy H (or internal energy U) of the system. [2] In an endothermic process, the heat that a system absorbs is thermal energy transfer into the system.
The example below contains four reactions that can be related through their associated free energies. [ An example of the former is the dissolution of ammonium nitrate. This process is spontaneous even though it is endothermic. It occurs because the favored increase in disorder that accompanies dissolution outweighs the unfavored increase in ...
Chemical thermodynamics is the study of the interrelation of heat and work with chemical reactions or with physical changes of state within the confines of the laws of thermodynamics. Chemical thermodynamics involves not only laboratory measurements of various thermodynamic properties, but also the application of mathematical methods to the ...
A physical change involves a change in physical properties. Examples of physical properties include melting, transition to a gas, change of strength, change of durability, changes to crystal form, textural change, shape, size, color, volume and density. An example of a physical change is the process of tempering steel to
An example of an endothermic reaction is a first aid cold pack, in which the reaction of two chemicals, or dissolving of one in another, requires calories from the surroundings, and the reaction cools the pouch and surroundings by absorbing heat from them.
Hess's law states that the change of enthalpy in a chemical reaction is the same regardless of whether the reaction takes place in one step or several steps, provided the initial and final states of the reactants and products are the same. Enthalpy is an extensive property, meaning that its value is proportional to the system size. [4]