【题目】 【Translate the following into English】
期权是一种合同，这种合同给予在特定时间内以商定价格买进或卖出某种证券的权利。

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2、[主观题]【Translate the following into Chinese】
Documentary collection is a means of payment ensuring that the goods are only handed over to the buyer when the amount shown on a bill of exchange is paid or when the customer accepts the bill as a contract to pay by a specified date.
The exporter sends the bill of exchange and the shipping documents to his bank, which forwards them to a bank in the customer’s country. This bank, or the exporter’s agents in the country concerned, takes the documents to the customer. If it is a sight bill, the customer pays the amount directly. If it is a time bill, he signs the bill, which means he has “accepted” it for payment within a certain specified time. In return for either payment or acceptance of payment, the customer is handed the shipping documents which give title to the goods.

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3、[主观题]【Translate the following into English】
还盘可以针对发盘中的价格，付款条件，装运时间或其它条款提出。

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