option money

noun

1. commerce the price paid for buying an option

Example Sentences

In some states, buyers may offer direct incentives to sellers outside of the purchase price, sometimes called “option” money, said Maura Neill, an agent with Re/Max Around Atlanta.

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In Barlow’s mythic memoir, he claims his option money was $5,000.

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The option money amount can be fairly small, but I use the extra time to research the property and seek the approvals I need to develop the land.

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However, the league's collective bargaining agreement with players has a mechanism that allows the Cardinals to recoup a portion of that option money because of the substance abuse violation.

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Taking "option" money from a large VC firm can also create unanticipated risk for your company, potentially making it more difficult to raise your next round of financing.

Read more on Inc