optionor
- The individual or entity that gives or sells the right to engage in a certain action at a future time
- The optionor granted a prospective buyer the opportunity to purchase the property within the next six weeks.
- As the optionor, they reserved the right to reconsider the sale within a specified period.
- The real estate developer worked diligently to ensure the optionor would sustain their offer long enough for the financing to come together.
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