The owner of an option contract has the right to exercise it, and thus require that the financial transaction specified by the contract is to be carried out immediately between the two parties, whereupon the option contract is terminated.
Harjoituskoulu oli entisajan Suomessa seminaarin ja myös alakansakouluseminaarin yhteydessä toiminut kansakoulu, jossa kansakoulunopettajiksi opiskelevat suorittivat opetusharjoittelua.
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