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An option—a right that operates as a continuing proposal—given in exchange for consideration—something of value—permitting its holder to sell a particular stock or commodity at a fixed price for a stated quantity and within a limited time period.

A put is purchased for a fee paid to the person who agrees to accept the stock or goods if they are offered. The purchaser of this right to sell expects the price of the stock or commodity to decrease so that he can deliver the stock or commodity at a profit. If the price rises, the option need not be exercised. The reverse transaction is a call.


(Place), verb apply, assign a place, attach, base, deposit, dispense, fix, give, imbed, implant, infuse, inject, install, instill, introduce, lodge, park, place, plant, raise, repose, seat, set, site, situate, station, submit, tender
Associated concepts: constructive bailment, involuntary bailment


(Phrase), verb ascribe, attribute, cast, describe, impute, pose, posit, postulate, present, propound, say, set forth, state, throw
See also: advance, deposit, dispose, give, house, impute, introduce, locate, lodge, phrase, place, plant, raise, repose, situated, submit

TO PUT, pleading. To select, to demand; as, the said C D puts himself upon the country; that is, he selects the trial by jury, as the mode of settling the matter in dispute, and does not rely upon an issue in law. Gould, Pl. c. 6. part 1, Sec. 19.

References in periodicals archive ?
HOUSTON--(BUSINESS WIRE)--April 18, 1996--Compaq Computer Corporation (NYSE: CPQ), the world's largest supplier of personal computers, has become title sponsor of the COMPAQ World Putting Championship, a new nation-wide search for the world's best putter, it was announced jointly today by Ross Cooley of Compaq and Dave Pelz (TM).
I thought I was taking advantage of the situation," Palmer, who was putting uphill, said Friday at Bel-Air.
Some are putting so much new network fiber into the ground and into new buildings that CIOs and IT administrators can't imagine being able to use it all--and that's just how they like it.
I asked when I got back, how are we doing with putting laser designators on all the Predators?
Of the top 15 college scorers in the 1992-93 study seven wound up among the top 15 for greens in regulation, one for putting, and none for fairways.
Putting added pressure on traders today were comments from a Federal Reserve official that indicated that there was still a 50-50 chance of an interest-rate hike at the central bank's August meeting.
At the Wachovia Championship on the PGA Tour, the champion used the Odyssey(R) White Hot(R) 2-Ball Putter, the #1-selling putter ever, and the runner-up ended a season-long putting drought by one-putting seven times with his the new White Steel(R) 2-Ball SRT(TM) Putter with Saturn Ring Technology.