A financial instrument that gives the owner the right, but not the obligation, to buy or sell specific assets (e.g. a bond or a stock) at a predetermined price (the strike or exercise price) at or up to a certain future date (the exercise or maturity date). A call option gives the holder the right to purchase the underlying assets at an agreed exercise price, whereas a put option gives the holder the right to sell them at an agreed price.
OPTION
Meaning of OPTION in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012