option

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option

1. Commerce an exclusive opportunity, usually for a limited period, to buy something at a future date
2. NZ short for local option

Option

 

in international law, the choice of citizenship extended to persons having citizenship of two or more states. The implementation of the option is based on an agreement between the interested states or on legislation by the states. The option arises most often in the cession of territory, when special accords grant citizens of the contracting states the right of option. Children, as a rule, follow their parents’ option of citizenship.

An example of option connected with territorial changes after World War II is the 1947 peace treaty with Italy, which granted for one year the right of option of citizenship to citizens who until 1946 had been permanent residents of territories ceded at that time to other states.

After the October Revolution of 1917, the Soviet state concluded an agreement on option with the states that had emerged from the former Russian Empire, for example, with Finland. The USSR signed a number of option agreements after World War II. An example is the Protocol on Option in the 1945 Soviet-Czechoslovak treaty on the Transcarpathian Ukraine. The protocol provided that persons of Ukrainian or Russian nationality who resided in regions of Slovakia in Czechoslovakia and persons of Slovak or Czech nationalities who resided in the Transcarpathian Ukraine could choose either Soviet or Czechoslovak citizenship.

Option of citizenship was also provided for in the conventions on dual citizenship the USSR concluded with a number of socialist states between 1956 and 1966.

option

An agreement between an owner and prospective user of a property which, for a specified sum, grants the latter the right to buy or rent the property within a specified period of time.

option

References in periodicals archive ?
Gary Anderson, CEO of Dubai Gold and Commodities Exchange said, "The re-listing of the Indian Rupee options contract further widens opportunities to trade Emerging Market contracts on the Exchange.
The launch of the Options contract will build on the success of the DGCX Indian Rupee Futures contract, which on September 22, recorded its highest ever daily volume of 34,046 contracts, valued at $1.
DGCX will hold workshops on the rupee options contract prior to its launch on September 26.
Our innovative new short-term gold options contracts will provide customers with much greater flexibility to manage the risk associated with government economic data, world events and other market-moving factors, while enabling them to benefit from the lower cost associated with short-dated options.
settle price--the final price used each day to value futures and options contracts.
instead enters options contracts in February to buy the needed bushels of grain in July at $3 per bushel.
The introduction in 1984 of options contracts based on primary agricultural commodities offered farmers and other industry participants an alternative method of managing the risk associated with unstable price.
The Complaint Alleges that during the Class Period, Defendants conspired to and did suppress and manipulate the prices of COMEX silver futures and options contracts by accruing extremely large short positions in COMEX silver futures contracts in order to suppress the price of COMEX silver futures and options contracts.
The new contracts, which will be available for trading at either ICE Futures Europe or ICE Futures US and cleared at ICE Clear Europe, include crude oil, gasoline, middle distillate, fuel oil, power, biofuel, naphtha, natural gas liquid, petrochemical and environmental futures and options contracts.
With mini options, investors can trade one-tenth of a standard options contract or 10 shares per contract versus the standard contract of 100 shares while still having access to the same strikes and expirations.
In addition to its risk management consulting services, the Company operates one of the leading independent clearing and execution platforms for exchange-traded futures and options contracts.
Based on trading activity in its new binary options contracts on expected hurricane damage, HedgeStreet traders prior to the open of today's market (9 a.