The stock price is $101.12 per share. Imagine if you wanted to short it. To keep it simple, we'll say you want to short 100 shares and we'll ignore the small commissions you would otherwise owe. You borrow the stock, sell the shares, and pocket $10,112. At the same time, you decide to buy 1 call option covering 100 shares with a $200 strike price dated September 16th, 2016.
Princeton's WordNet(0.00 / 0 votes)Rate this definition: 1  benefaction(noun) a contribution of money or assistance. 2  benevolence, benefaction(noun) an act intending or showing kindness and good will.
Beneficiary. A beneficiary is a person or an entity, such as a charity, who is named to receive assets from an estate, a trust or an insurance policy. A person drafting a will may name individuals and organizations as beneficiaries. Beneficiaries can be a spouse, children and grandchildren, relatives, friends and even pets.