option


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Related to option: stock option, call option, put option

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 ?
422(a)(2) states that the employee must have been an employee beginning on the date that the option was granted and up to three months prior to exercising the option.
To estimate the fair value of employee options, companies must use an option-pricing model such as Black-Scholes-Merton or lattice.
Under FAS 123(R), the fair value of a stock option is based on observable market prices, if they exist.
Don Faurot, then coaching at the Iowa Pre-Flight School in Des Moines, decided to utilize the option as the focal point of his Split-T offense.
Managing risk for opportunity increasingly involves investment timing and options thinking.
Microsoft's recent decision to replace options with restricted stock overturns a host of market myths and paves the way for new thinking about incentives.
In the lingo of the options market, it was "out of the money," or worthless, since investors would not exercise an option to buy shares at $140 when those shares could be acquired for $139.
For an option to qualify as an ISO, the exercise price cannot be less than the fair market value of the stock at the time the option is granted.
The Tax Court characterized this arrangement as an option to sell a mortgage loan in form; using a formula to compute the loan purchase price did not change this result.
A lattice model assumes the price of stock underlying an option follows a binomial distribution, a type of probability distribution in which the underlying event has only one of two possible outcomes.