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In finance, an option is a contract which conveys to its owner, the holder, the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option.
Options Clearing Corporation's (OCC) Options Symbology Initiative (OSI) mandated an industry-wide change to a new option symbol structure, resulting in option symbols 21 characters in length. March 2010 - May 2010 was the symbol consolidation period in which all outgoing option roots will be replaced with the underlying stock symbol.
Option N.V., a company providing wireless technology devices "The Option", an alternate name for the South Tyrol Option Agreement, a resettlement program of German speakers living in Italy initiated by Adolf Hitler and Benito Mussolini; Flight Options, an American fractional ownership airline founded by Kenn Ricci that uses the callsign "Options"
Key takeaways. Alternative personal loan options include credit cards, home equity loans and buy now, pay later plans. Each alternative has benefits and drawbacks to consider.
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If the seller does not want to drop the asking price to less than an alternative option, the buyer will walk away and buy the other alternative. Professional negotiators and researchers alike regard BATNA, or “walk away” outcome as the primary source of relative power for a negotiator. However, relying on alternatives can be risky.
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The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen". As a representation of the relationship between scarcity and choice, [ 2 ] the objective of opportunity cost is to ensure efficient use of scarce resources. [ 3 ]