The stock price is $101.12 per share. Imagine if you wanted to short it. To keep it simple, we'll say you want to short 100 shares and we'll ignore the small commissions you would otherwise owe. You borrow the stock, sell the shares, and pocket $10,112. At the same time, you decide to buy 1 call option covering 100 shares with a $200 strike price dated September 16th, 2016.
Princeton's WordNet(0.00 / 0 votes)Rate this definition: 1  benefaction(noun) a contribution of money or assistance. 2  benevolence, benefaction(noun) an act intending or showing kindness and good will.
If you show someone kindness or generosity, that's beneficence like when you shovel a neighbor's sidewalk or mowing the lawn just to help out, no strings attached. Beneficence comes from the Latin word benefactum, meaning good deed.. That's exactly what beneficence is â helping someone just because you care, not because you want to be praised for being nice. Giving your time, skills, or even a donation of money or items shows beneficence. This word can also describe the character of a person who is helpful, caring, and compassionate.