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Put Guarantee Letter |
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Put guarantee letter A bank's letter certifying that the person writing a put option has sufficient funds in an account to cover the exercise price if required. Put Guarantee Letter A letter issued by a bank stating that the writer of a put option has enough money in a bank account to pay the exercise price should the holder of the put exercise the option. A put option allows the holder to sell a security at a given strike price at his/her discretion. A put guarantee letter reduces the risk to the holder by guaranteeing that the option will be covered if necessary. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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