seller's option

noun

(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.

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Word History and Origins

First recorded in 1930–35

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The delivery within such time to be at seller's option, upon 7, 8 or 9 days' notice to the buyer.

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Delivery within such time to be at Seller's option, upon seven, eight or nine days' notice to the buyer.

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The delivery within such time to be at seller's option, upon a notice to buyer of either five, six or seven days, as may be prescribed by the trade rules.