The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is

Name: The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is
Brand: Quizplus
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Quizplus · Accepted Answer

A put option gives the holder the right, but not the obligation, to sell a security at a guaranteed price within a specified period of time. It is a form of insurance against a drop in the price of the underlying asset.

The Opportunity, but Not the Obligation, to Sell a Security