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 ?
'I was in at him at nine, and he said, "In five minutes," so I put the steak on the brander, but I've been in thrice since then, and every time he says, "In five minutes," and when I try to take the table-cover off, he presses his elbows hard on it, and growls.
'In five minutes!' I cry, but when I see that it is she I rise and put my arm round her.
They were a girls' school out for a walk with the governess, and all wearing hyacinth gowns, when she suddenly put her finger to her mouth, and then they all stood still on an empty bed and pretended to be hyacinths.
You have probably observed that your baby-sister wants to do all sorts of things that your mother and her nurse want her not to do: to stand up at sitting-down time, and to sit down at standing-up time, for instance, or to wake up when she should fall asleep, or to crawl on the floor when she is wearing her best frock, and so on, and perhaps you put this down to naughtiness.
Nat didn't look when we put the witch pie in Jim's pan; and we put the three tin plates in the bottom of the pan under the vittles; and so Jim got everything all right, and as soon as he was by himself he busted into the pie and hid the rope ladder inside of his straw tick, and scratched some marks on a tin plate and throwed it out of the window-hole.
I loved the dim superstition, the propitiatory intent, that had put the grave there; and still more I loved the spirit that could not carry out the sentence-- the error from the surveyed lines, the clemency of the soft earth roads along which the home-coming wagons rattled after sunset.
'They would often put their children - particular their little girls,' said Mr.
I laid my trembling hand upon the hand he put before his face.
At this point, Joe greatly augmented my curiosity by taking the utmost pains to open his mouth very wide, and to put it into the form of a word that looked to me like "sulks." Therefore, I naturally pointed to Mrs.
I am as rickety as a hackney-coach, I'm as sleepy as laudanum, my lines is strained to that degree that I shouldn't know, if it wasn't for the pain in 'em, which was me and which somebody else, yet I'm none the better for it in pocket; and it's my suspicion that you've been at it from morning to night to prevent me from being the better for it in pocket, and I won't put up with it, Aggerawayter, and what do you say now!"
Ribby put the pie into the lower oven; the door was very stiff.
"Well," said he, "you must keep an eye to the mare, and put the check-rein easy; I dare say they will do very well with a little humoring at first.