Currency put option

Currency put option

Contract that gives the holder the right to sell a particular currency at a specified price (exchange rate) within a specified period of time.

Currency Put Option

Option contract allowing the holder to sell a currency at a given foreign exchange price within or at a certain period of time.
References in periodicals archive ?
A third hedging technique is the use of currency options, which come in two forms: (1) a currency call option allows for the purchase of a specified currency at a specified exchange rate within a specified expiration, (2) a currency put option allows for the sale of a specified currency at a specified exchange rate by a specified expiration date.
The more (less) certain the firm is of foreign currency depreciation, the more (less) likely that a forward or futures contract will be superior to currency put options (although there are exceptions).