option period

Definitions (2)

1. Finance: A time frame or period of time, which is valid for an option to be exercised before or on the expiration date. On the expiration date, the investor no longer has a choice but has to exercise the option.
2. Housing: A time when the buyer has a choice to either continue with purchase or terminate the contract before this period expires. An option fee is paid which acts as a guarantee that the seller will not make an offer to someone else until the potential buyer has made a decision within the option period.

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option not to deliver shout option