selling short against the box

selling short against the box
selling short stock that is actually owned by the seller but held in the box, meaning it is held in safekeeping. The seller borrows securities needed to cover as the stock in the box may be inaccessible, or the seller may not wish to disclose ownership. The traditional motive for this transaction was to defer capital gains taxes. However, this method became infeasible under the Taxpayer Relief Act of 1997. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • against the box — See: selling short against the box. Bloomberg Financial Dictionary …   Financial and business terms

  • Short Sell Against the Box — The act of short selling securities that you already own. This results in a neutral position where your gains in a stock are equal to the losses. For example, if you own 100 shares of ABC and you tell your broker to sell short 100 shares of ABC,… …   Investment dictionary

  • Short (finance) — Schematic representation of short selling in two steps. The short seller borrows shares and immediately sells them. He then waits, hoping for the stock price to decrease, when the seller can profit by purchasing the shares to return to the lender …   Wikipedia

  • The Little Mermaid (1989 film) — The Little Mermaid (Disney) redirects here. For the franchise, see The Little Mermaid (franchise). The Little Mermaid …   Wikipedia

  • The Amazing Race — sometimes referred to as TAR, is a reality television game show in which teams of two people (with one exception), who have some form of a preexisting personal relationship, race around the world in competition with other teams. Contestants stri …   Wikipedia

  • The Incredibles — Theatrical release poster Directed by Brad Bird Produced by …   Wikipedia

  • The Who — at a 1975 curtain call. Left to right: Roger Daltrey, John Entwistle, Keith Moon, Pete Townshend Background information Origin …   Wikipedia

  • Short-lived recurring characters on Saturday Night Live — The following is a series of short write ups on recurring sketches that appeared four or fewer times on Saturday Night Live . Some characters who fit into this category do not appear here because they fit better into one of the other categories… …   Wikipedia

  • The Ultimate Collection (Michael Jackson album) — The Ultimate Collection Box set by Michael Jackson Released …   Wikipedia

  • The Legendary Starfy — North American box art Developer(s) Tose Publisher(s) …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”