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.
A beneficiary is an individual or entity to whom a deceased benefactor -- known as a decedent -- bequeaths real and personal property, cash or other assets. The will defines the decedent's intended beneficiaries and the inheritance they are to receive. Named beneficiaries have certain rights to the estate and their inheritable assets.