Nevada Revised Statutes 682A.153 – ‘Option’ defined
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‘Option’ means an agreement giving the buyer the right to buy or receive, sell or deliver, enter into, extend or terminate, or effect a cash settlement based on the actual or expected price, level, performance or value of one or more underlying interests.
Terms Used In Nevada Revised Statutes 682A.153
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.