Seller's option


Also found in: Dictionary, Acronyms.

Seller's option

Seller's Option Contract

A contract between a buyer and a seller where the seller has the ability to delay settlement of the contract beyond the normal time. A seller may exercise this option if he/she has difficulty in making delivery on the contract for any reason at all. The farthest possible settlement date is stated in the seller's option contract. This contrasts with a cash contract, where settlement is made before the regular settlement date.
References in periodicals archive ?
5% payable at maturity and are convertible at the seller's option into common shares of Mad Catz Interactive, Inc.
Copper High Grade Warehouse will be based on registered brands of Grade A Copper and will be available, at seller's option, for delivery to Amarillo, Texas; Baltimore; New Haven, Conn.
has a two year option to purchase additional stock from Aptel at the same price per share to enable it to achieve a 51% ownership interest in Aptel, and an additional option to acquire the remaining outstanding stock of Aptel payable at the seller's option in either cash or stock of DSP Group, Inc.