(1) In stocks or bonds, a settlement contract by which delivery of the certificates is due at the purchaser's office on a specific date (usually within sixty calendar days of the trade date) stated in the contract at the time of purchase; expressed as "Seller's 24", "Seller's 39", and so forth; (2) A Put Option.
A settlement that calls for delivery and payment according to the number of days specified by the seller.
Delayed settlement/delivery in a transaction.
A special transaction on the NYSE that gives the seller the right to deliver the stock or bond at any time within a specified period, ranging from not less than two business days to not more than 60 days.
A provision in a contract which allows the seller to vary the quantities to be delivered by a certain percentage. The contract may also provide options on any other contractual clause, for example the delivery schedule. Français: Option du vendeur Español: Opción del vendedor
The right of a seller to select, within the limits prescribed by a contract, the quality of the commodity delivered and the time and place of delivery.