Series 26: Buyer's Option

Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam

Definition of the term Buyer's Option...

a form of settlement where, if the seller agrees, delivery must occur at the purchaser's office on the new agreed-upon option date. Under a buyer's option, the buyer is not obligated to accept delivery prior to the option date and the seller is not required to provide any written notices prior to delivery.

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