Interstate Compact on Adoption and Medical Assistance (ICAMA): An agreement between member states that governs the interstate delivery of and payment for medical services and adoption assistance payments/subsidies for adopted children with special needs. The agreements are established by the laws of the states which are parties to the compact.

 

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Interstate Compact on Adoption and Medical Assistance (ICAMA): An agreement between member states that governs the interstate delivery of and payment for medical services and adoption assistance payments/subsidies for adopted children with special needs . . . View Full Definition

Option Not To Deliver: In the mortgage pipeline, an additional hedge placed in tandem with the forward or substitute sale.

Option Offense: An offense heavily relying upon the option run and variations thereof.

Option Mutual Fund: A mutual fund that buys and sells options for aggressive or conservative investment.

Option Margin: The margin requirement for options described in Regulation T and in brokers' individual policies.

Option Listing: A listing in which the broker also retains an option to purchase the property for the brokers own account. In view of the body of litigation involving breach of fiduciary duties by brokers w . . . View Full Definition

Option Premium: When you buy an option, you pay the seller a nonrefundable amount, known as the option premium, for the right to exercise that option before it expires. If you sell an option, you receive a . . . View Full Definition

Option Holder: A person who has an option that has not been exercised.

Option Price: Also called the option premium; the price the buyer of the options contract pays for the right to buy or sell a security at a specified price in the future.

Option Spread: The trading of options of the same class at the same time in order to profit from changes in the size of the spread between different options.