sell against the box
From Wiktionary, the free dictionary
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Verb
- (finance) 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.
- 1932, United States. Congress. Senate. Committee on Banking and Currency, Stock Exchange Practices: Hearings Before the Committee, page 332:
- Mr. ROCKEFELLER. The large holdings I think I sold back in 1925 or 1926.
Mr. Gray. Did you sell against the box then?
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