OPTIONALITY

noun
16 Scrabble
18 WWF
O 1
P 3
T 1
I 1
O 1
N 1
A 1
L 1
I 1
T 1
Y 4

Definition

The value of additional optional investment opportunities available only after having made an initial investment.

"The short-term payoff for this is modest, but the optionality value is enormous."

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