Contract which gives rights to holders to sell or buy asset at specific time period rather than giving obligation is classified as

Answer: Option A

Contract which gives rights to holders to sell or buy asset at specific time period rather than giving obligation is classified as option. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a later date at an agreed upon price. Options contracts are often used in securities, commodities, and real estate transactions.