Meaning of “European option” in the English Dictionary

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"European option" in Business English

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European optionnoun [ C ]

uk us also European-style option FINANCE

an option (= the right to buy or sell shares, bonds, or currencies for a fixed price on a particular date) that can only be traded on the day it ends and at the price given on that day

(Definition of “European option” from the Cambridge Business English Dictionary © Cambridge University Press)