UJI 14-4311. Securities; additional definitions.

“Call”. A “call” is the right to buy a specific number of shares at a specified price by a fixed date. “Call Option”. A “call option” is an option that gives the owner the right to buy a specified number of shares at a definite price within a specified period of time. “Certificate”. A “certificate” is a formal declaration that can be used to document a fact. Examples of types of certificate include: a birth certificate, a stock certificate, a partnership certificate and a certificate of deposit. “Option”. An “option” is a right to buy or sell property within an agreed upon time in exchange for an agreed-upon sum. “Put option”. A “put option” is an option that gives the owner the right to sell a particular stock at a certain price within a designated period.