put option

Found in Anh - Anh (Wordnet)

Definition Noun : 1. A financial contract granting the right, but not the obligation, to sell a specific asset at a predetermined price on or before a specified date. This is the primary financial meaning. The buyer of a put option pays a premium for this right, typically hoping the asset's market price will fall below the predetermined "strike" price. 2. The option or right to sell. In a broad...