Definition of Put of more

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TeachMeFinance.com - explain Put of more




historic definition...

Put of more -- London Stock Exchange term ; a put of more gives the holder the right to put (deliver) to the buyer an additional amount of stock equal to the amount named in the bargain, or in other words, to put twice as much stock as is named in the contract. If a man sells 1,000 pounds consols, with the put of more, at 96 1/2 he can deliver 2,000 pounds to the buyer. For this extra right or privilege the holder of the put pays an extra price.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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