A Stock Option Is the Right to Purchase the Stock

question 9

True/False

A stock option is the right to purchase the stock of a corporate employer at a stated price for an indefinite period of time.

---

Definitions:

Fair Debt Collection Practices Act

A federal law in the United States that limits the behavior and actions of third-party debt collectors attempting to collect debts on behalf of another person or entity.

Unpaid Debts

Financial obligations that have not been settled or paid by the due date.

Collection Practices

Procedures and methods used by businesses to recover debts from customers.

Fair Debt Collection Practices Act

A U.S. federal law that aims to protect consumers from abusive, deceptive, and unfair debt collection practices.