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stock option
(redirected from Eso)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia 0.01 sec.

stock option

Contractual agreement entitling the holder to buy or sell a share of stock at a designated price for a specified period of time, regardless of changes in its market price during that period. The various kinds of stock options include put and call options, which may be purchased in anticipation of changes in stock prices, as a means of speculation or hedging. A put gives its holder an option to sell, or put, shares to another party at a fixed price even if the market price declines. A call gives the holder an option to buy, or call for, shares at a fixed price even if the market price rises. U.S. corporations often issue stock options to executives as a form of compensation in addition to salary, on the theory that an option is an incentive to improve the company's business and thus raise the value of its stock; at times such options have been far more valuable than the salary itself.



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ESO said the discovery was "made possible by combining two of the most powerful ground-based telescopes in the world:" the Very Large Telescope at Chile's Paranal Observatory, and the National Astronomical Observatory's Subaru Telescope, in Japan.
This decision reversed a Tax Court holding that because unrelated parties in a cost-sharing agreement did not have to share ESO costs, related parties also did not have to share these costs.
This gorgeous starscape serves as the first of three extremely high-resolution images featured in the GigaGalaxy Zoom project, launched by ESO within the framework of the International Year of Astronomy 2009 (IYA2009).
 
 
 
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