|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Option:
An agreement granting the right to buy or sell property, or to use it in some fashion, for a stated price within a stated period of time. In investments, an option refers to a contract granting the right to buy or sell a security or a commodity at a set price within a stipulated time.
|
|
|
|
|
|
|
| |
