Term	Book	Chapter	Definition
Options	CFA Level 1 Exam	Chapter 9: Derivatives	A contract that provides the right, but not an obligation, to buy or sell an asset at an agreed price during a certain period of time or on a specific date.
Options	International Finance	Chapter 7: Managing Exchange Rate Risk	Currency options provide the right, but not the obligation, to buy or sell a currency at a predetermined rate before or on a specified date.
Options	Securities Industry Essentials (SIE) Exam	Chapter 4: Types of Securities and Products	Contracts that give the buyer the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a specified price (strike price) within a certain time frame.