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

Noninsured plans

Defined benefit pension plans that are not guaranteed by life insurance products. Related: Insured plans.

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