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LSDefine

Simple English definitions for legal terms

put

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A quick definition of put:

A put option is a type of financial contract that gives the holder the right, but not the obligation, to sell a certain amount of securities, commodities, or other assets at a fixed price within a specified time. This means that if the market declines, the holder can still sell at the fixed price. It is the opposite of a call option, which gives the holder the right to buy at a fixed price. There are different types of options, such as American and European options, and they can be used for speculative purposes or as part of a larger investment strategy.

A more thorough explanation:

Definition: A type of option contract that gives the holder the right, but not the obligation, to sell an asset at a predetermined price within a specified time period.

Example: John holds a put option for 100 shares of XYZ stock at a strike price of $50 per share. If the stock price drops below $50 before the expiration date of the option, John can exercise his right to sell the shares at $50 each, even if the market price is lower.

This example illustrates how a put option can be used as a form of insurance against a drop in the value of an asset. By purchasing a put option, the holder can limit their potential losses if the market price of the asset falls below a certain level.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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