Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
option | Yes | No | No | No |
Bermudan option | Yes | No | No | No |
option (noun) | Bermudan option (noun) |
---|---|
the act of choosing or selecting | an option where the buyer has the right to exercise at a set (always discretely spaced) number of times. |
one of a number of things from which only one can be chosen | |
the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited |