Credit Cards

Auto Loans

Home Loans

Personal Loan

Fixed Deposits

Savings Accounts

Education Loans

RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Goodwill Guarantee Guarantor for the loan Hedge Funds Hire purchase price Hirer Hypothecation Inflation Interest Introductory Rate Late Payment Charges Loan Agreement Manufacturing Account Margin Amount Market value Marketable title Maturity Monopoly Monthly Statement Mortgage Negotiable Instrument Net worth Non-performing Assets (NPA) Obligation of the borrower Option Overlimit fees Option An option is a contract between a buyer and a seller that gives the buyer the right, but not the obligation, to buy or to sell a particular asset at a later day at an agreed price. In return for granting the option, the seller charges a premium from the buyer.