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.

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 ?
The gap that needs the rail putting back is about 30 feet.
Apparently, our call for the DTI to reconsider their standard compliance requirements for flat glass, after reports of cheaper but lower-quality imported flat glass being sold in the local market reached us, coupled with our concern for consumer safety because of fatal glass-related accidents happening all over the world, may have caused alarm to some interest groups, claiming that putting back flat glass in the mandatory standard list is restrictive and is aimed at controling the market by a local glass manufacturer.
He noted that the EU rules could be revived or put back, but only if it is clear that the US is putting back sanctions with extraterritorial sanctions and that they are being applied.