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 ?
ii) With and without option contracts, what is the approximate value of the optimal expected total discounted profit for the retailer over the entire time horizon under inflation?
A reasonable inference to be drawn from this comment is that a purchaser under a buyer's option contract could decrease its purchases or make no purchases without necessarily articulating a legitimate business reason, subject only to the duty of good faith and fair dealing.
strike price--the price that an option contract will be converted into the underlying position.
The negative option contract is patterned after the contracts in a book or recording club.
These premiums are paid by the purchaser of the put option contracts who hedges his output.
These regulations have been framed in line with best international practices to provide a framework for the launch of trading in cash-settled index option contracts.
Derivatives usually include futures, forward, swap and option contracts and other financial instruments with similar characteristics.
As part of the Option contract, Gasol has agreed to fund AfGen's working capital budget; provided that unless agreed by Gasol, It shall not be required to lend in excess of (i) US$500,000 in any calendar month or (ii) US$5 million in aggregate.
2 lakh units of Axis Bank put option contracts to entity B for Rs 58 each while the value of those units were Rs 98 each.