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 ?
Backdating of options occurs when a date earlier than the formal grant date is selected as the grant date for purposes of setting the exercise price of options.
Under the transition guidance, it can re-price options to FMV as of the grant date, by no later than Dec.
CPAs also need to be cautious of possible pitfalls when options are underwater, when the company operates in other countries with different tax laws or has a net operating loss.
For example, Entity X awards Jones 1,000 options Jan.
Options thinking explicitly considers the benefits of delaying a decision or financial commitment in an uncertain environment.
Given their relative valuations, an employee may receive only one share of restricted stock for every three or four options.
Because of the unique footwork of the trailing fullback and the mechanics of the quarterback, we generally run the drop option out of an I formation.
Trading options can often boil down to a simple speculation: you buy a put or a call in the hope of a quick but sizable gain.
Part II of this article describes the basic rules relating to the grant of ISOs, and Part III analyzes certain requirements relating to the exercise of such options.
Stock options will and should continue to be a major component of executive compensation, given the potential for superior long-term wealth-creation power for executives and the benefits for shareholders.
In this case, the taxpayer treated loan purchase commitment fees it received as option premiums; see Federal Home Loan Mortgage Corp.