Meaning of sell against the box | Babel Free
Definitions
To sell stock that one owns, but deliver stock acquired elsewhere, so that one is effectively selling short and protecting oneself from a fall in the stock.
Examples
“Mr. ROCKEFELLER. The large holdings I think I sold back in 1925 or 1926. Mr. Gray. Did you sell against the box then?”
CEFR level
C2
Mastery
This word is part of the CEFR C2 vocabulary — mastery level.
This word is part of the CEFR C2 vocabulary — mastery level.