call-over

noun

Definition of call-over

plural -s

British

:a meeting of bookmakers at which a list of entries in a coming race is read, odds are offered, and bets are made

There's more!

Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

More than 250,000 words that aren't in our free dictionary
Expanded definitions, etymologies, and usage notes
Advanced search features
Ad free!

Financial Definition of CALL-OVER

call-over

noun

What It Is

The phrase call over is used to describe the exercising of a call option.

How It Works

A call option gives its owner the right to buy an asset at a set price (the strike price) on or before a certain day (the expiration date). If you own a call option on 100 shares of Company ABC stock with a strike price of $25 per share, you will call over the shares of stock once the stock price exceeds $25.

Why It Matters

The decision to call over a stock is 100% dependent on the price of the underlying asset. In our example above, the investor will call over the stock when the price is above $25, but will allow the call option to expire if the price never reaches that level.

Source: Investing Answers