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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 ?
I didn't know where to put my hands, they were both starkers.
It was a funny occasion and he had a big rant about Margaret Thatcher, I didn't know where to put my face.
So why has John Milton gone down in history as a miserable so-and-so who didn't know where to put a full stop?
For the longest, I really didn't know where to put Mitch on this list.
Looked a tasty dish at the start, but suffered when the heat was turned up and didn't know where to put his hands by the end.
Craig was bought so many clothes when he was born we didn't know where to put them all.
Oh, the computer had placed the charge on my credit card, but it missed the first two digits of my EFT, so it didn't know where to put the money it had received.

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