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Real Estate Encyclopedia | Property Law Dictionary | Real Estate Terms | Meanings & Definitions |      Aug 07, 2020

More New Real Estate Terms

option price

The price paid by the purchaser of an option for the right to buy or sell a property, security or commodity at a specified time in the future. Also called the 'option premium'. The price payable when the option is exercised is the 'exercise price' or 'strike price' (regardless of the market price).

    Terms in bold are defined elsewhere in the Encyclopedia — more in the User Guide.

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