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Option Period
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

The duration of an option as specified in the option contract, during which the person holding the option has the privilege of deciding whether or not he will exercise it, i.e., buy or sell, as the option might call for.  The longer the duration, all things being equal, the more valuable the option.  Under the Internal Revenue Code 1954, "restricted stock options" may be exercised within ten years from the date of granting of the option.

See OPTIONS.  


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