Option most commonly refers to a legal right to convey a property:
Option (finance), an instrument that conveys the right, but not the obligation, to engage in a future transaction on some underlying security, or in a futures contract ...
Option
It refers to the right or priviledge or a contract where a person has paid a value to purchase the stock, real estate or commodities at a fixed agreed price and at a specified time.
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Call Option An option to buy a particular commodity or security at a fixed price for a certain amount of time. Sometimes simply called a "call." Compare: put option
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Stock Options: A type of retirement plan in which employees have the opportunity to purchase stock in the company for which they work.
Stockholder: An owner of a corporation and one who holds shares of stock in a corporation.
CALL OPTION - The right to purchase stock at a specified (exercise) price within a specified time period.
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Limited tort option: In Pennsylvania, purchasers of motor vehicle insurance can choose "limited tort," which restricts their right to seek money damages for an accident caused by another driver.
option
n. a right to purchase property or require another to perform upon agreed-upon terms.
option 1 : the power or right to choose ;also : a choice made or available 2 : a privilege of demanding fulfillment of a contract on any day within a specified time 3 : a contract conveying in exchange ...
Option
A continuing offer to sell which must be accepted by the optionee within terms of the option, and if not accepted within the time specified, the right to do so is lost.
OPTION. Choice; Election; (q. v.) where the subject is considered.
OR.
Adoption
Related Category: Legal Terms and Concepts
act by which the legal relation of parent and child is created. Adoption was recognized by Roman law but not by common law. Statutes first introduced adoption into U.S. law in the mid-19th cent.
Adoption - See Orphan.
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Adoption of Convenience definition:
An adoption of a child not for the sake of the child but to the convenience, usually financial, of the adopting parent(s).
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adoption: an overview
Adoption refers to the act by which an adult formally becomes the guardian of a child and incurs the rights and responsibilities of a parent.
Adoption and Surrogacy Glossary Terms
Castle Doctrine
The castle doctrine simply creates a presumption that one has acted in self defense.
adoption: The way to make the relationship between a parent and child legal when they are not related by blood.
adoption - A court procedure by which a person becomes the legal parent of someone else's child. Adoption creates a parent
adult - In most situations and states, any person 18 years of age or older.
adoption Legal process by which a child's legal rights and duties toward natural parents are terminated and similar rights and duties towards adoptive parents are substituted.
NAKED OPTION
An opportunity to buy stock at a fixed price, offered by a seller who does not own the stock to back up the promise.
Lease option
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, ...
OPEN ADOPTION: An adoption in which the birth mother may retain some visitation privileges.
Option
A right, given for a consideration, to purchase or lease a property, upon specified terms and within a specified time period, and placing no obligation on the party receiving the option to purchase the property.
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Put option
Definition
: an option to sell for a fixed price at or within a specified time
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An adoption in which there is some degree of contact between the birthparents and the adoptive parents and sometimes with the child as well.
stock option
n. the right to purchase stock in the future at a price set at the time the option is granted (by sale or as compensation by the corporation).
Treatment Options
Support Groups
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Maplegrove
Lawyers and Judges Assistance Program
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Real Estate Option to Purchase
Resisting Arrest
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the second, optional phase under the Patent Cooperation Treaty that includes examination of the international application and issuance of an International Preliminary Examination Report.
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Lease with Option to Purchase
A lease under which the lessee has the right to purchase the property. The option may run for the length of the lease or only for a portion of the lease period.
Child Custody Options
Child Custody Laws
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*adoptio - an adoption where a dependent person (alieni iuris) is transferred to one family to another, involving the change of paterfamilias.
It is always a good option to ask for specialized legal support in case of catastrophic injury cases. Some of the injuries may be catastrophic but if taken care of properly, chances are that the victim will recover. . .
TOP Sanctuary : A special criminal law option available in Medieval times to persons who had just committed a crime, allowing them to seek refuge in a church or monastery.
Child and Family Services ActOntario statute that governs child protection, secure treatment, adoption and some matters relating to young offenders.
After the adoption of the Federal Reserve Act the question whether or not to enter the system became acute with national banks since the law had provided that a failure of any national bank to enter the system would mean the necessity of ...
may - Word "may" usually is employed to imply permissive, optional or discretional, and not mandatory.
A special criminal law option available in medieval times to persons who had just committed, or been accused of, a crime, allowing them to seek refuge in a church or monastery for a proscribed period of time, usually 40 days.
Acceptance or adoption of an act performed by another as agent or representative; in particular, confirmation of what has been done without original authority. See Negley v. Lindsay, 67 Pa. 228 (1870), cases.
Resolution: The formal adoption of a motion.
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It does not include guardianship or adoption cases, or matters affecting property rights of any child or youth over which the Probate Court has jurisdiction.
If there are uncertain or incomplete clauses in the contract, and all options in resolving its true meaning have failed, it may be possible to sever and void just those affected clauses if the contract includes a severability clause.
The proposal must indicate one of the options that is given to the landlord for him to file a claim as follows actual losses resulting from the disclaimer or the lesser of
(i) three years rent, or ...
trial by declaration or informal traffic hearing - Persons who receive a traffic citation have an option to appear before a judge in an informal hearing called Trial by Declaration.
Resolution The formal adoption of a motion.
Respondent The person against whom an appeal is taken. (See petitioner.)
Rest A party is said to "rest" or "rest its case" when it has presented all the evidence it intends to offer.
ratification - The confirmation or adoption of a previous act done either by the party himself or by another.
ratio decidendi - The ground or reason of the decision in a case.
Under the Companies Act 1985 a company must hold a meeting of shareholders in each calendar year to deal with matters such as the adoption of the previous year's financial statements, rotation of directors and the appointment of auditors.
Resolution - The formal adoption of a motion.
Respondeat superior - Literally, "a superior (or master) must answer.
Family Court - one judge hears all issues pertaining to one family such as divorce, child custody, adoption, abuse, neglect and delinquency.
The court will expedite (speed up) cases involving issues of child custody, support, visitation, adoption, paternity, determination that a child is in need of services, termination of parental rights, ...
Basically a contract for the hire of goods with an option for the debtor to purchase them at the end of the agreement. Generally, the debtor only gets to own the goods on payment of the final instalment.
Consolidated Omnibus Budget Reconciliation Act (Cobra) is a federal law which gives workers and their families the option to continue health benefits upon termination of employment or upon a divorce.
Another, is for the preferred shares to be redeemable at the option of either the holder or the company. Still another might be to disallow voting rights to preferred shareholders.
Family Law
the area of law dealing with family relations including divorce, adoption, paternity, custody, and support.
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A court order resulting from a protection application (q.v.) with various options for supervised care of a child.
provable debt ...
Custom: An oft-repeated mode of conduct; a form of behavior acceptable to the majority of society, such as working five or six days a week. A custom, by its universal adoption and repetition, ...
End-matter Final part of an Act, which follows the basic-units and contains ending formulas, dates and places of adoption/enactment, and signatures.
FAMILY INDEPENDENCE AGENCY (“FIA') -- The state agency responsible for administering a broad range of social services programs in Michigan, including financial aid to families and elderly persons, foster care services, and adoption services.
work which involves payment; ii) Financial interests in businesses that are involved in lobbying Parliament; iii) Any other interests which may affect the public's opinion of the way in which the Lords carries out its duties (this is optional).
Others have more minor defects and are voidable at the option of the innocent party.
Voire dire: (French: To speak the truth) Separate trial within a trial, generally in the absence of the jury, on the admissibility of contested evidence.
Other have more minor defects to them and are voidable at the option of the party victimized by the defect. For example, contracts signed by a person when they are totally drunk are voidable by that person upon recovering sobriety.
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