seller's option

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.

Word History and Origins

Origin of seller's option¹

First recorded in 1930–35

Example Sentences

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