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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 ?
Dear Editor, - My main problem with putting the clocks back (Post Letters, November 3) is all the faffing around.
In 1907, keen horse rider William Willett became so sick of galloping the hills in the morning pitch-black, he began campaigning for putting the clocks back.
REGARDING the debate about putting the clocks back an hour, why can't Scotland have its own time zone?
This time last year, the British Medical Journal claimed not putting the clocks back in October would increase daylight hours and encourage outdoor activity.
Not putting the clocks back an hour tomorrow morning but still putting them forward in the spring would increase daylight hours and encourage more outdoor activity, a report in the British Medical Journal suggests.
s "When putting the clocks back this October think about taking a few simple and relatively inexpensive steps, which can be financially rewarding, particularly in the face of energy price hikes over the next few years.

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