>That doesn’t make them options.
Yes, I know. I was using <quote>"call option"<unquote> as analogy and not a strict legal financial instrument. Sort of like the "Greenspan Put" isn't really a "put option". Or how some might saying investing in Uber is a sort of like a <quote>"call option"<unquote> on future taxi & employee regulations favoring companies like Uber.
Early termination is an example of optionality. Callable bonds and demand deposits also contain optionality. That doesn’t make them options.