puts and calls

puts and calls definition - legal

n

Stock market terms; a “put” is a privilege of delivery or non-delivery of the subject matter of a sale; a “call” is the privilege as it relates to calling for or not calling for it. 

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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