Options are derivatives of financial securities—their value depends on the price of some other asset. The power or right to choose freedom of choice. He has the option to cancel the deal. A privilege of demanding fulfillment of a contract on any day within a specified time.
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noun. op·tion ˈäp-shən. : an act of choosing. hard to make an option between such alternatives. : the power or right to choose : freedom of choice.
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Answer:
Options are derivatives of financial securities—their value depends on the price of some other asset. The power or right to choose freedom of choice. He has the option to cancel the deal. A privilege of demanding fulfillment of a contract on any day within a specified time.
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