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Refinance and Mortgage Encyclopedia - option

Option

A ContractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder given by the ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). of a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. to another personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS ยง38a-1(14))., giving the latter a right to buy or leaseAn agreement to pay money in exchange for use of property. the property at a certain priceThe dollar amount that was offered, asked, or actually paid for a property. within a specified period of time.

Option

A contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder that gives the buyerA market participant who takes a long futures position or buys an option. An option buyer is also called the right, but not the obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs., to buy or sell a specified quantity of a commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated or other instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. at a specific priceThe dollar amount that was offered, asked, or actually paid for a property. within a specified period of time, regardless of the market priceThe price paid regardless of pressures, motives, or intelligence. of that instrument. Also see PutAn option contract that gives the holder the right but not the obligation to sell a specified quantity and CallThe ability of a bond issuer to redeem a bond before its maturity date..

Option

A privilege, acquired for a considerationThat which is received by the grantor in exchange for their deed., of demanding within a specified time the carrying out of a transactionThe entry or liquidation of a trade. upon stipulated termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan.. The optionorAn owner how gives an option to another person. grants an option to an optioneeA person who holds an option..

Option

A right given for a considerationThat which is received by the grantor in exchange for their deed. to purchase or leaseAn agreement to pay money in exchange for use of property. a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. upon specified termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. within a specified time, without obligating the party who receives the right to exercise the right.

option

An instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. that gives the ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). the right to buy or sell a specified number of shares of a specified stockAn instrument that signifies an ownership position in a corporation. at a specified priceThe dollar amount that was offered, asked, or actually paid for a property. within a specified period of time. A call optionA provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable allows the buyerA market participant who takes a long futures position or buys an option. An option buyer is also called to purchase the underlying stock at any time up to the expiration dateThe date on which the policy ends. of the contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder. A putAn option contract that gives the holder the right but not the obligation to sell a specified quantity option allows the buyer to sell the underlying stock at any time up to the expiration date of the contract.

Option

The unilateral right to do something. For example, the right to renew a leaseAn agreement to pay money in exchange for use of property. or purchase a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.. The optioneeA person who holds an option. is the holderThe party that currently owns the loan and holds its legal title. of the option. The optionorAn owner how gives an option to another person. is the grantorThe seller of property. of the option. The optionor is bound by the option, but the optionee is not.
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