When you pay for an option,this prevents a person from revoking an offer before the expiration of the specified time.

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When you pay for an option, it gives you the right to purchase or sell an asset at a specified price within a specific time frame. This prevents the person who made the offer from revoking it before the expiration of the option period. The payment acts as a consideration that binds both parties to the agreement.

When You Pay for an Option,this Prevents a Person from Revoking