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2017 Word of the Year

seller's option

noun
1.
(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.
Origin of seller's option
1930-1935
First recorded in 1930-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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