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 â A person who inherits property from a decedent. Bond â A type of insurance policy that a person may be required to have in order to serve as a Personal Representative of an estate. It protects the assets of an estate. Caveat â A challenge to the validity of a Last Will and Testament and/or Codicil.