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3. A privilege which one party buys of another to "put" (deliver) to him a certain amount of stock, grain,
etc., at a certain price and date. [Brokers' Cant]
A put and a call may be combined in one instrument, the holder of which may either buy or sell as he
chooses at the fixed price. Johnson's Cyc. Put
(Put) n. [OF. pute.] A prostitute. [Obs.]
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