currency option Definition in the Cambridge English Dictionary
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Definition of “currency option” - English Dictionary

Definition of "currency option" - Business English Dictionary

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currency optionnoun [C]

uk   us  
FINANCE a ​type of ​investment that ​allows you to ​buy an ​amount of ​foreigncurrency at a particular exchangerate (= ​price) for a particular ​period: Some ​companies have used ​currencyoptions to ​convertdollars into ​sterling at a known ​rate two or ​even three ​yearsahead.
(Definition of currency option from the Cambridge Business English Dictionary © Cambridge University Press)
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