Options
/ˈɒpʃənz/
Definitions
- (n.) Contracts granting the right, but not the obligation, to buy or sell an asset at a fixed price before a specified date.
The investor purchased call options to secure the right to buy shares at a set price.
- (n.) Legal provisions allowing a party to choose among alternatives or actions.
The lease contains options to renew for additional terms.
Forms
- plural of option
Related terms
See also
Commentary
Often drafted precisely to define exercise periods and conditions; clarity prevents disputes about enforceability or scope.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.