Meaning of “options contract” in the English Dictionary

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"options contract" in Business English

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options contractnoun [ C ]

uk us FINANCE, STOCK MARKET

the written legal agreement that gives someone the right to buy something such as shares at a later date or within a period of time at a particular price:

Every options contract has a buyer who is referred to as the option holder.

(Definition of “options contract” from the Cambridge Business English Dictionary © Cambridge University Press)