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Replace and Put

verb

  • Substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected. )
    • usage: "He replaced the old razor blade"; "We need to replace the secretary that left a month ago"; "the insurance will replace the lost income"; "This antique vase can never be replaced"
  • Take the place or move into the position of.
    • usage: "Smith replaced Miller as CEO after Miller left"; "the computer has supplanted the slide rule"; "Mary replaced Susan as the team's captain and the highest-ranked player in the school"
  • Put something back where it belongs.
    • usage: "replace the book on the shelf after you have finished reading it"; "please put the clean dishes back in the cabinet when you have washed them"
  • Put in the place of another; switch seemingly equivalent items.
    • usage: "the con artist replaced the original with a fake Rembrandt"; "substitute regular milk with fat-free milk"; "synonyms can be interchanged without a changing the context's meaning"
  • (v.t.) To put in a new or different place.
  • (v.t.) To place again; to restore to a former place, position, condition or the like.
  • (v.t.) To take the place of; to supply the want of; to fulfull the end or office of.
  • (v.t.) To supply or substitute an equivalent for; as, to replace a lost document.
  • (v.t.) To refund; to repay; to restore; as, to replace a sum of money borrowed.
put

noun

  • The option to sell a given stock (or stock index or commodity future) at a given price before a given date.

verb

  • Put into a certain place or abstract location.
    • usage: "Put your things here"; "Set the tray down"; "Set the dogs on the scent of the missing children"; "Place emphasis on a certain point"
  • Cause to be in a certain state; cause to be in a certain relation.
    • usage: "That song put me in awful good humor"; "put your ideas in writing"
  • Formulate in a particular style or language.
    • usage: "I wouldn't put it that way"; "She cast her request in very polite language"
  • Attribute or give.
    • usage: "She put too much emphasis on her the last statement"; "He put all his efforts into this job"; "The teacher put an interesting twist to the interpretation of the story"
  • Make an investment.
    • usage: "Put money into bonds"
  • Estimate.
    • usage: "We put the time of arrival at 8 P. M."
  • Cause (someone) to undergo something.
    • usage: "He put her to the torture"
  • Adapt.
    • usage: "put these words to music"
  • Arrange thoughts, ideas, temporal events.
    • usage: "arrange my schedule"; "set up one's life"; "I put these memories with those of bygone times"

(1) A stipulated privilege of buying or selling a stated property, security, or commodity at a given price (strike price) within a specified time (for an American-style option, at any time prior to or on the expiration date). A securities option is a negotiable contract in which the seller (writer), for a certain sum of money called the option premium, gives the buyer the right to demand within a specified time the purchase (call) or sale (PUT) by the option seller of a specified number of bonds, currency units, index units, or shares of stock at a fixed price or rate called the strike price. Many options are settled for cash equal to the difference between the aggregate spot price and the aggregate strike price rather than by delivery of the underlying. In the U. S. And many other countries, stock options are usually written for units of 100 shares. Other units of underlying coverage are standard in other option markets. Options are ordinarily issued for periods of less than one year, but longer-term options are increasingly common. (2) Any financial contract that changes in value like an option (asymmetrically), even if the terms of the contract do not state the price relationship in terms of a right or privilege or in other language usually associated with options.