seller's option

seller's option
(on the New York Stock Exchange) a special transaction that gives the seller the right to make late delivery of a security within a specified period, ranging from 5 to not more than 60 business days for stocks.
[1930-35]

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Universalium. 2010.

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Look at other dictionaries:

  • Seller's option — Option Op tion, n. [L. optio; akin to optare to choose, wish, optimus best, and perh. to E. apt: cf. F. option.] 1. The power of choosing; the right of choice or election; an alternative. [1913 Webster] There is an option left to the United… …   The Collaborative International Dictionary of English

  • Seller's Option — The right of a forward contract seller to choose some of the specifications of a commodity to be delivered. The choices about the delivered commodity s quality and delivery specifications must fit among the limits imposed by the terms of the… …   Investment dictionary

  • seller's option — The option of a seller of a commodity upon an exchange to deliver the same at any time within a month. Pixley v Boynton, 79 Ill 351. The option of the vendor in a contract of sale of personalty to accept money or something else of equivalent… …   Ballentine's law dictionary

  • seller's option — noun : an option allowed to one who contracts to sell stocks to make delivery within a specified period usually not less than five business days nor more than 60 days after the date of the contract * * * (on the New York Stock Exchange) a special …   Useful english dictionary

  • seller's option — delayed settlement/delivery in a transaction. Bloomberg Financial Dictionary …   Financial and business terms

  • Option — Op tion, n. [L. optio; akin to optare to choose, wish, optimus best, and perh. to E. apt: cf. F. option.] 1. The power of choosing; the right of choice or election; an alternative. [1913 Webster] There is an option left to the United States of… …   The Collaborative International Dictionary of English

  • option of equivalent value — See seller s option …   Ballentine's law dictionary

  • Seller financing — is a loan provided by the seller of a property to the buyer, to cover part or all of the sale price. This process, also known as owner carry back or owner financing, is used in a variety of situations as a creative financing option. Examples are… …   Wikipedia

  • Option writer — Option seller. The New York Times Financial Glossary * * *    An institution or individual that sells an option and thereby commits to buy or sell the underlying at a predetermined strike price in exchange for the premium paid by the option… …   Financial and business terms

  • seller — A person who takes a short futures position or grants (sells) a commodity option. An option seller is also called a marker, grantor, or granter, or writer. Chicago Mercantile Exchange Glossary ( option) seller/grantor/writer Also known as the… …   Financial and business terms

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