Put (?), n. 1. The act of putting; an action; a movement; a thrust; a push; as, the put of a ball. “A forced put.” L'Estrange.
2. A certain game at cards. Young.
3. A privilege which one party buys of another to “put” (deliver) to him a certain amount of stock, grain, etc., at a certain price and date.
A put and a call may be combined in one instrument, the holder of which may either buy or sell as he chooses at the fixed price. Johnson's Cyc.