Put

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Put

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.

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 classic literature ?
He was a darkly-tanned, burly, good-natured, fine-looking man, of sixty or thereabouts, dressed in a spacious roundabout, that hung round him in festoons of blue pilot-cloth; and one empty arm of this jacket streamed behind him like the broidered arm of a huzzar's surcoat.
Have you seen them?" Then sharply, seeing I gripped my arm, "What's the matter?"
He then tried to support himself on his arm, but the bone gave way; then only he felt the pain, and uttered a cry.
In another and later clinch, when she had already relaxed and sighed her relief at seeing him safely snuggled, Ponta, his chin over Joe's shoulder, lifted his right arm and struck a terrible downward blow on the small of the back.
Alleyne, from the window of the armory, looked down upon the strange scene--the circles of yellow flickering light, the lines of stern and bearded faces, the quick shimmer of arms, and the lean heads of the horses.
I succeeded in extracting a grunt; and presently, he drew back his arm, shook himself all over like a Newfoundland dog just from the water, and sat up in bed, stiff as a pike-staff, looking at me, and rubbing his eyes as if he did not altogether remember how I came to be there, though a dim consciousness of knowing something about me seemed slowly dawning over him.
The warrior whose gun I had struck up looked enquiringly at Tars Tarkas, but the latter signed that I be left to my own devices, and so we returned to the plaza with my great beast following close at heel, and Sola grasping me tightly by the arm.
He crooked the arm next to her - crooked it very slightly and with secret tentativeness, not invitingly, but just casually, as though he was accustomed to walk that way.
His right hand held her left, and he pressed her arm close against his heart as he leaned down towards her.
I raise my arm to perform an action independently of any cause, but my wish to perform an action without a cause is the cause of my action.
Far otherwise th' inviolable Saints In Cubic Phalanx firm advanc't entire, Invulnerable, impenitrably arm'd: Such high advantages thir innocence Gave them above thir foes, not to have sinnd, Not to have disobei'd; in fight they stood Unwearied, unobnoxious to be pain'd By wound, though from thir place by violence mov'd.
The chief foundations of all states, new as well as old or composite, are good laws and good arms; and as there cannot be good laws where the state is not well armed, it follows that where they are well armed they have good laws.