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explicit option
ex·plic·it op·tion (plural ex·plic·it op·tions)


noun 
Definition:
 
finance option with specifics spelled out: an option that fully discloses all of its terms such as price and exercise date and that requires a direct payment
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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