1. Finance: A time frame or period of time, which is valid for an option to be exercised before or on the expiration date. On the expiration date, the investor no longer has a choice but has to exercise the option. 2. Housing: A time when the buyer has a choice to either continue with purchase or terminate the contract before this period expires. An option fee is paid which acts as a guarantee that the seller will not make an offer to someone else until the potential buyer has made a decision within the option period.

Related information about option period:

1. Understanding the lingo — option fee and option period
   If you're considering buying residential real estate in Texas, you should know about a common contract feature called the termination option. Many times, when ...
    
2. What Is An Option Period?
   An "Option Period" is a provisional period found on page 7 of the Texas Earnest Money Contract that allows the buyer to have a certain number of days to "option ...
    
3. Option Period - Roselind Hejl's Austin Texas Real Estate Guide
   During the option period, the buyer may terminate the contract and receive a refund of his earnest money.
    
4. Warning for Home Buyers - Surviving the Option Period and ...
   Jan 14, 2009 ... The Option Period offers buyers time to thoroughly investigate and inspect the property. The buyer may terminate the contract and receive a ...
    
5. Home Selling: What happends after the option period is over? Can ...
   Aug 2, 2011 ... what happends after the option period is over? Can the buyers still decide to not buy the house? and if so, is there any compensation to the ...
    
6. Option Periods
   Those funds are not at risk during the option period if the buyer decides not to buy the ... The buyer can use the option period to conduct his investigations on the ...
    
7. What is option period? definition and meaning
   Definition of option period: Finance: A time frame or period of time, which is valid for an option to be exercised before or on the expiration date. On the expiration ...
    
8. Option Periods | Select Austin
   The buyer benefits from this option period by being able to conduct inspections ... In Texas, the majority of contracts identify 7 or 10 days for this option period.