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.
Beneficiary Definition (What Is a Beneficiary?) B eneficiary definition: one who benefits from being named in a will, insurance policy, or RRSP. The more traditional definition of beneficiary is heir. A beneficiary, meaning someone who receives all or part of an estate, may receive money, property, or both. Beneficiaries can be people or organizations, like charities. What is a Beneficiary? Get Specific. There are two types of beneficiaries. The first is the residual beneficiary. Residual beneficiaries receive all or part of the estate. The second type is the non-residual beneficiary. This beneficiary receives a specific gift, such as a piece of jewelry or a specific amount of money.