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Acceptance
An agreement to the terms of an offer, thereby creating a binding contract.
Option
In finance, a contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.
Revoking
The action of withdrawing, canceling, or annulling something previously granted, such as a privilege, right, or contract.
Offer
A proposal by one party to enter into a contract upon specified terms, subject to acceptance.
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