caput

[L., the head.]

1. (Anat.) The head; also, a knoblike protuberance or capitulum.

2. The top or superior part of a thing.

3. (Eng.) The council or ruling body of the University of Cambridge prior to the constitution of 1856.

Your caputs and heads of colleges.

Caput mortuum . [L., dead head.]
(Old Chem.) The residuum after distillation or sublimation; hence, worthless residue.

A type of exotic option that consists of a call option on a put option. Essentially it gives the holder the right to purchase another option. This type of option is also known as a "compound option".

Investopedia Says:
The holder of a caput option has the right to purchase a specific put option in the event that the price of the underlying asset declines. The disadvantage of a caput option is that it only trades over-the-counter, so it is not as easy to get into a position with caput options as with regular vanilla options.

Related Links:
An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Options Basics Tutorial

The head.

Pl. capita; the head; a general term applied to the expanded or chief extremity of an organ or part.

• c. mallei — head of the malleus in the middle ear.
• c. mandibulae — the head of the mandible that articulates with the squamous part of the temporal bone.
• c. stapedis — the head of the stapes in the middle ear.

The noun has 2 meanings:

Meaning #1: a headlike protuberance on an organ or structure

Meaning #2: the upper part of the human body or the front part of the body in animals; contains the face and brains
  Synonym: head