Faluche (bread) was often baked as the oven was just heating up before the main baking. Faluche (bread) Faluche is a traditional bread in the Nord-Pas-de-Calais region of northern France and the Tournai region of southern Belgium. Faluche is a pale white bread that is soft and fairly dense. It is neither a round nor flat bread but looks somewhat like a small deflated soccer ball. It may be eaten hot at breakfast with butter and jam or with cream cheese and smoked salmon or later as a snack with butter and brown sugar or with brie cheese. Faluche is made with
No free lunch with vanishing risk No free lunch with vanishing risk No free lunch with vanishing risk (NFLVR) is a no-arbitrage argument. We have "free lunch with vanishing risk" if by utilizing a sequence of time self-financing portfolios which converge to an arbitrage strategy, we can approximate a self-financing portfolio (called the "free lunch with vanishing risk"). For a semimartingale "S", let formula_1 where a strategy is admissible if it is permitted by the market. Then define formula_2. "S" is said to satisfy "no free lunch with vanishing risk" if formula_3 such that formula_4 is the closure of "C" in the norm topology of formula_5.