Seller's option

Also found in: Financial, Acronyms.
an option allowed to one who contracts to deliver stock art a certain price on a certain future date, to deliver it (giving one day's notice) at any previous time at the market price. Such options are privileges for which a consideration is paid.

See also: Option

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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References in periodicals archive ?
With a production capacity of approximately 1.7 million barrels of oil per day, out of which 40 per cent are freely traded, Murban will be deliverable through the exchange on certain market situations at the seller's option.
GASC has purchased 3.24 million tons of Russian wheat, 180,000 tons of Romanian wheat, 360,000 tons of Ukrainian wheat, 60,000 tons of Russian, Ukraine or Kazakh wheat at the seller's option and 60,000 tons of Russian or Kazakh wheat at the seller's option since the beginning of July.
Request of best offers & proposals in a public auction for the export of 20,000 tons (plus/ minus 10 % at seller's option) of sugar cane molasses of the 2011 season for delivery FOB Alexandria Port during July & August 2011.