The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EXTENDIBLE OPTION Definition & Legal Meaning

Definition & Citations:

An OVERTHECOUNTER COMPLEX OPTION that allows the buyer to EXERCISE the contract on a particular reset date or reset the STRIKE PRICE to the current market level and extend the option for another reset period. The extendible option is a variation of the PARTIAL LOOKBACK OPTION.


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