Call Option - Law Dictionary Search Results

Home Dictionary Name: call option

call 1 : to announce or recite loudly [ed the civil trial list] 2 : to admit (a person) as a barrister [was ed to the bar] 3 : to demand payment of esp. by formal notice [ a loan] 4 : to demand presentation of (as a bond or option) for redemption NOTE: A security issuer may call a security only if calling it is previously provided for, as, for example, in the indenture for a bond or in the stock agreement for preferred stock. The issuer usually pays the holder a premium for a called security. n 1 : a demand for payment of money: as a : a notice by the U.S. Treasury to depositories to transfer part of its deposit balance to the Federal Reserve bank b : a notice to a stockholder or subscriber to pay an assessment or an installment of subscription to capital 2 : call option at option 3 a : a formal announcement or recitation [the daily of the motion calendar] b : roll call [the speaker ordered a of the house] ...

spread

spread 1 a : the difference between any two prices for similar articles [the between the list price and the market price of an article] b : the difference between the highest and lowest prices of a product or security for a given period c : the difference between bid and asked prices (as of a stock) 2 a : a simultaneous put option and call option in which the put price and the call price differ so that no profit is made unless the price falls below or rises above the put or call price respectively by more than enough to cover the cost of the option ;also : the difference between the put price and call price b : a transaction in which a participant hedges with simultaneous long and short options in different commodities or different delivery dates in the same commodity 3 : an arbitrage transaction operated by buying and selling simultaneously in two markets when there is an abnormal difference in price between the two markets ;also : the difference in price 4 : the differenc...

Contract of option

Contract of option, is one whereby the grantor of the option offers to enter into what may be called a 'major' contract with a second person and makes a separate contract to keep his offer open, Varty v. British South Africa Co., (1965) 1 Ch 508 (522)....

straddle

straddle : the purchase of an equal number of put options and call options on the same underlying securities with the same price and maturity date ...

Option of purchase in a lease

Option of purchase in a lease. A clause giving the lessee the option of purchasing the reversion for a fixed sum within a limited number of years, or at anytime during the term, is sometimes inserted in leases. A clause giving an option of purchase at any time during a ninety-nine years' lease offends against the law of perpetuities (see that title) and cannot be specifically enforced, Woodall v. Clifton, (1905) 2 Ch 257; Worthing Corporation v. Heather, (1906) 2 Ch 532. For statement of opinion that the clause 'to be completely valid must be so expressed that the option must necessarily be exercised (if at all) within the limits of the time allowed by the rule against perpetuities,' so that probably not more than twenty one years could be allowed in a lease independent of life, see article by Mr. T. Cyprian Williams in the Solicitors' Journal for July 9, 1898; and for cases on option of purchase generally, see Woodfall, L. & T....

Optional writ

Optional writ, a praceipe, so called because it was in the alternative,commanding the defendant to do the thing required, or show the reason wherefore he had not done it....

Optional

Involving an option depending on the exercise of an option left to ones discretion or choice allowed but not compulsory as optional studies it is optional with you to go or stay...

Call

Call, 1, (1) The election of students to the degree of barrister-at-law, hence (2) the ceremony or epoch of election, and (3) the number of persons elected. See INNS OF COURT.2. The demand for payment of an instalment other than payments due at fixed dates by the terms of the prospectus or agreement to take shares, Croskey v. Bank of Wales, (1863) 4, 9 Giff 314, due upon shares. On the issue of shares a certain portion only of the issue price is usually demanded on allotment and at fixed dates thereafter: the balance is sometimes payable when demanded. In the case of limited companies the calls are limited to the total amount unpaid on each share. There is an implied promise by a purchaser of shares that he will indemnify the vendor against all future calls on shares, Spencer v. Asworth, Partington & Co., (1925) 1 KB 589. See COMPANY and CONTRIBUTORY; FLOATING CHARGE and TABLE A. (Articles 11 to 16).3. A Stock Exchange term for the right to buy stock or shares at a fixed price on a cer...

Option

Option. 1. When a new suffragan bishop is consecrated by the archbishop of the province, by a customary prerogative, the archbishop claims the collation of the first vacant dignity or benefice in that see, at his own choice, i.e., option. Options are now disused. 2. The word is also used in commercial matters to express a right to effect a certain dealing or not in shares or goods at a stated price at a certain date, at the option of the person bargaining, who pays a premium for the right....

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