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seller's option

American  

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.

Etymology

Origin of seller's option

First recorded in 1930–35

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.

From Project Gutenberg

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

From Project Gutenberg

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.

From Project Gutenberg

Seller's Option, a stock phrase.

From Project Gutenberg

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.