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seller's option

American

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.

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 a notice to buyer of either five, six or seven days, as may be prescribed by the trade rules.

From All About Coffee by Ukers, William H. (William Harrison)

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

From About sugar buying for jobbers How you can lessen business risks by trading in refined sugar futures by Dyer, B. W. (Benjamin Wheeler)

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