covered put Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “covered put” in the English Dictionary

"covered put" in Business English

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covered putnoun [C]

uk   us   (also covered put option)
FINANCE an ​agreement that ​allows you to ​sellshares, bonds, etc. which you own or have enough ​money in an ​account to ​buy, before a ​fixeddate for a ​fixedprice
(Definition of covered put from the Cambridge Business English Dictionary © Cambridge University Press)
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