Switch to text-only version for screen readers & visually impaired
Wachovia logo: go to home page


CORPORATE & INSTITUTIONAL GLOSSARY


Alphabetical Listing
Search  
K X Y Z #
O
Current TermOption Contract
Option Contract
A contract for the purchase or sale of a certain amount of foreign currency at a specific price up to and including a certain time on the expiration date. For the payment of a fee, called the premium, the purchaser/seller may or may not exercise the contract. Not the same as a variable delivery date contract.