What is defined as the right but not obligation to take some action in the future?
A) Invest
B) Put
C) Plan
D) Option

Name: What is defined as the right but not obligation to take some action in the future? A) Invest B) Put C) Plan D) Option
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Question

Quizplus · Accepted Answer

An option is a financial instrument that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price before or at a certain date.

What Is Defined as the Right but Not Obligation to Take