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European Option
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A put or call that can be exercised only on its expiration date. The term has nothing to do with where the option is traded or what underlies it. Stock options listed on European option exchanges are usually American-style options in the sense that they can be exercised prior to the expiration date. See also American Option, Bermuda Option, Deferred Payment American Option, Japanese Option, Modified American Option, Quasi-American Option.
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