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He would putt for bogey but surrender a share of the lead.
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As the industry's "matchmakers", they could refuse to arrange a fight, venue or broadcast deal unless boxers surrendered a disproportionate share of the proceeds and signed a long-term promotion agreement.
Licensing (or selling an early-stage start-up) potentially surrenders a larger share of the potentially available profits from an innovation but may be the surest route to monetization when direct commercialization by the innovator poses too many challenges for the inventor, e.g., when the capability (and financing) gaps are too numerous and large (see Teece 1986, Figure 9).
Perhaps the put spreader populating the stock today expects JNPRs shares to surrender a significant portion of the months rally ahead of expiration.
The board surrendered when it became clear that short-term investors were willing to accept Kraft's 850p-a-share offer.
But surrendering such a powerful blocking stake for 150p a share to Rank's largest shareholder looked odd.
The analysts' always said it would take £44 a share to get SABMiller to signal its surrender to InBev.
"Legislators of both parties, most of whom knew better, deserve a share of the blame for their supine surrender to the president's program".
In return for this "free" service, you surrender your most personal information, which they turn into massive profits without giving you a share.
The changes will force Lucent to surrender previously claimed credits for foreign taxes, reducing earnings in the quarter by 6 cents a share.
The Allies thought that in the face of a superior force, Greeks would "bring the cannons on a plater" (surrender); a viewpoint that Du Fournet also shared.
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CEO of Professional Science Editing for Scientists @ prosciediting.com