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TeachMeFinance.com - explain Put of more historic definition...
Put of more -- London Stock Exchange term ; a put of more
gives the holder the right to put (deliver) to the buyer an additional
amount of stock equal to the amount named in the
bargain, or in other words, to put twice as much stock as is
named in the contract. If a man sells 1,000 pounds consols, with the
put of more, at 96 1/2 he can deliver 2,000 pounds to the buyer. For
this extra right or privilege the holder of the put pays an extra
price.
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