Closing purchase

Definition:

A transaction in which the purchaser's intention is to reduce or eliminate a short position in a stock, or in a given series of options.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tenants by Entireties (TEN ENT)

Joint ownership of property or securities by a husband and wife where, upon the death of one, the property goes to the survivor.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio