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

1
First recorded in 1930–35

Words Nearby seller's option

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023