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Transferable put right |
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Transferable put rightAn option issued by a firm to its shareholders to sell the firm one share of its common stock at a fixed price (the strike price) within a stated period (the time to maturity). The put right is "transferable" because it can be traded in the capital markets.Transferable put right Similar MatchesTransferable Stock OptionsTransferable Stock OptionsOptions that provide by their terms that they may be transferred by the optionee, generally only to a family member or to a trust, limited partnership or other entity for the benefit of family members, or to a charity. Transferable letter of creditTransferable letter of creditDocument that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party. |
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