Tap option' The term 'Tap Option' refers to a type of financial instrument that allows investors to purchase additional shares of a company at a predetermined price. This type of option is typically used by companies to raise capital and can be exercised at any time during the life of the option. The crossword solution for this term is COLD, which stands for 'Callable On Demand Leveraged Debt'. This type of debt instrument allows companies to borrow money from investors at a fixed rate of interest, with the option to repay the loan early if desired.