Chapter and Caput

noun

• A subdivision of a written work; usually numbered and titled.
  • usage: "he read a chapter every night before falling asleep"
• Any distinct period in history or in a person's life.
  • usage: "the industrial revolution opened a new chapter in British history"; "the divorce was an ugly chapter in their relationship"
• A local branch of some fraternity or association.
  • usage: "he joined the Atlanta chapter"
• An ecclesiastical assembly of the monks in a monastery or even of the canons of a church.
• A series of related events forming an episode.
  • usage: "a chapter of disasters"

• (n.) A location or compartment.
• (n.) A meeting of certain organized societies or orders.
• (n.) A chapter house.
• (n.) An organized branch of some society or fraternity as of the Freemasons.
• (n.) A business meeting of any religious community.
• (n.) An assembly of monks or of the prebends and other clergymen connected with a cathedral, conventual or collegiate church or of a diocese, usually presided over by the dean.
• (v.t.) To divide into chapters, as a book.
• (n.) A division of a book or treatise; as, Genesis has fifty chapters.
• (n.) A community of canons or canonesses.
• (n.) A bishop's council.
• (v.t.) To correct; to bring to book, i. e., to demand chapter and verse.
• (n.) A decretal epistle.

Chapter is the Bankruptcy Code is organized into Chapters. Except for Chapter 12, the Chapters of the present code are all odd-numbered and are enumerated with Arabic numerals. (Before the Bankruptcy Reform Act of 1978, the Chapters were numbered with Roman numerals.) Chapters 1, 3, and 5 cover matters of general application. Chapters 7, 9, 11, 12 and 13 concern, respectively: liquidation (business or non-business); municipality bankruptcy; business reorganization; family farm debt adjustment; and wage-earner or personal (i. E. Non-business) reorganization.

noun

• A headlike protuberance on an organ or structure.
  • usage: "the caput humeri is the head of the humerus which fits into a cavity in the scapula"
• The upper part of the human body or the front part of the body in animals; contains the face and brains.
  • usage: "he stuck his head out the window"
  • synonyms: head

• (n.) The head; also, a knoblike protuberance or capitulum.
• (n.) The council or ruling body of the University of Cambridge prior to the constitution of 1856.
• (n.) The top or superior part of a thing.

Caput is an exotic option. It represents a call option on a put option. That is, you purchase the option to buy a put option at a particular price on or before the expiration date.