Time Value
The portion of the option premium that is attributable to the amount of time remaining until the expiration of the option contract.

Investopedia Says:
Basically, time value is the value the option has in addition to its intrinsic value.

Related Terms:
Call
Derivative
Expiration Date
Intrinsic Value
Leverage
Max Pain
Option
Premium
Put
Strike Price

• Trading Session
• Traditional Whole Life Policy
• Trailer Fee
• Trailing
• Trailing EPS
• Trailing Price-To-Earnings (Trailing P/E)
• Trailing Stop
• Trailing Twelve Months (TTM)
• Trailing Twelve Months (TTM)
• Tranches
• Transaction
• Transaction Costs
• Transaction Exposure
• Transaction Risk
• Transfer
• Transfer Agent
• Transfer Of Risk
• Transfer On Death (TOD)
• Transfer On Death (TOD)
• Transfer Payment
• Transfer Price
• Transfer Procedures
• Translation Exposure
• Translation Risk
• Transparency