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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 ?
T'S one of the more peculiar aspects of British culture - the ritual of putting the clocks back an hour and then forward again six months later.
This time last year, the British Medical Journal claimed not putting the clocks back in October would increase daylight hours and encourage outdoor activity.
It also includes a wide range of topical editorial articles covering everything from preventing the spread of colds and flu during the winter months through to the impact that putting the clocks back has on workplaces.
Not putting the clocks back on Sunday morning but still putting them forward in the spring would increase daylight hours and encourage more outdoor activity, a report in the British Medical Journal suggests.
In return, putting the clocks back in the autumn reduces the risk, albeit to a lesser extent, according to scientists at Karolinska Institutet after they examined how the incidence of myocardial infarction in Sweden has changed with summer and winter clock-shifts since 1987.