Option Writer

The personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who originates an optionThe unilateral right to do something. For example, the right to renew a lease or purchase a property. contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder by promising to perform a certain obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs. in returnProfit from an investment; the yield. for the priceThe dollar amount that was offered, asked, or actually paid for a property. or premiumThe sum paid by a policyholder to keep an insurance policy in force of the option. Also known as option grantorThe seller of property. or option sellerA person who makes a transfer of title to real estate..