P — Puseyistic to Put (Part 7 of 7)

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.

Put
(Put) n. [OF. pute.] A prostitute. [Obs.]