Definitions for "Options contract"
an agreement between a buyer and a seller to grant the holder of the contract the right, but not the obligation, to buy or sell a commodity at a specified price on or before the day the contract expires
a standardized agreement that gives (the buyer) the right, but not the obligation, to buy or sell a specified quantity and quality of an underlying product at a specified price within a specified time period
A contract that for a premium price, gives an investor the right to buy or sell a stock at a set price on or before a specific date.