Concept information
Preferred term
options (finance)
Definition
- In the finance world, an option is a contract between two parties when one party grants the other the right to buy/purchase a specific asset at a particular price within a particular time period. Alternatively, the contract may grant the other party the right to sell a specific asset at a particular price within a particular time period. [Source: Encyclopedia of Business in Today's World; Option]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/options_(finance)
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