Termination option: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 14/8/13) |
||
| Line 1: | Line 1: | ||
1. | 1. | ||
The valuable operational choice available to the owner of a project or of a business, to terminate all or part of it. | The valuable operational choice available to the owner of a project or of a business, to terminate all or part of it. | ||
| Line 6: | Line 7: | ||
Also known as an Abandonment option. | Also known as an Abandonment option. | ||
2. | 2. | ||
Similar rights in a contract, either at the absolute discretion of the contracting party, or on the occurrence of a specified event. | Similar rights in a contract, either at the absolute discretion of the contracting party, or on the occurrence of a specified event. | ||
== See also == | == See also == | ||
* [[Real option]] | * [[Real option]] | ||
Revision as of 15:31, 14 August 2013
1.
The valuable operational choice available to the owner of a project or of a business, to terminate all or part of it.
This is an example of a real option. Other examples of real options include the options to expand, contract or defer the given project or business.
Also known as an Abandonment option.
2.
Similar rights in a contract, either at the absolute discretion of the contracting party, or on the occurrence of a specified event.
