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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Therefore, the present study was designed to evaluate the performance of GeneXpert for diagnosing EPTB by detecting MTB in pus samples in terms of sensitivity, specificity and RIF resistance, and compare its validity with ZN smear, keeping LJ as the gold standard.
Our study showed that urine examination positive for increased pus cells and/or red blood cells has only a moderate degree of sensitivity and specificity in detecting the urolithiasis in patients presenting with acute pain in the abdominal flank.
The result of the above study exemplify there is an increasing need for gaining knowledge about the pattern of microbes and their antibiotic sensitivity and resistance, which varies in a geographical manner.The isolates from this study showed that Staphylococcus aureus was the most isolated organisms from the pus culture report followed by Klebsiella, Pseudomonas, Proteus, Citrobacter, E.coli and Acinetobacter.
During the study period, 60 patients with Stage II or greater PUs were included in a prospective cohort study, whose medical records were identified by active surveillance and reviewed for demographic and risk factor data.
Accumulated static charges on the surface of PUs under dry environment most often cause complicated problems such as skin irritation, the adsorption of pathogens and dust.
In this paper, the average throughput loss percentage (hereafter referred to as throughput loss) of the PUs reflects the impact of SUs on PUs.
PUs may lease its licensed channels during idle periods for financial reward or revenue.
The objective of this study is to determine the incidence of PUs in our population, the distribution of PUs, common injuries contributing to the occurrence of PUs in patients admitted to the Department of Plastic and Reconstructive Surgery Kosovo for surgical interventions of PUs, localization of PUs in the body, the topical treatment of pressure ulcers before surgical intervention, the methods of surgical interventions, number of surgical interventions, duration of treatment, complications and mortality.
Accordingly, it has developed a system - somatic cell count - to measure the amount of pus.
Within 24 hours, pus breached the skin several centimeters above the nipple.