What Are Options? How Are They Different from Futures/forward Contracts

question 10

Essay

What are options? How are they different from futures/forward contracts? What are the different kinds of options?

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Definitions:

Future Health Care

Planning, policies, and services designed to meet the health care needs of individuals in the future.

Inter Vivos Gift

A gift given by one living person to another, which becomes the property of the recipient immediately and unconditionally.

Trust Creation

The process of setting up a trust, wherein a trustee holds property or assets for the benefit of a third party, known as the beneficiary.

Consideration

The payment or promise of something of value given by one party to another in exchange for an act or promise that forms the basis of a contract.