Word
ACL
Phoneticsacl
Countable & uncountable Finance
Definition
n. a contract that gives someone the right to buy or sell something at a fixed price. You use this in business or finance when talking about options.
n. a financial contract granting the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified period. Uncountable in general reference; countable when referring to specific contracts.
Real-World Examples
“ACL tears are particularly common in sports such as soccer, basketball and skiing, where athletes frequently pivot, stop abruptly or jump.” “Signed from Feyenoord for around £21m last year, he suffered a season-ending ACL injury on international duty in October.” Domain
Finance
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.C1 AdvancedIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.7.0–8.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 5.0–5.595–113TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.945–990
- Frequency
- Frequent
- Level
- C1 · Advanced
- Updated
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QR code
englishreference.com/q/acl