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Bookout

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Bookout
The process of closing out a position in a swap contract or another OTC derivative agreement prior to maturity.

Notes:
The position is closed by taking an offsetting position (i.e. taking a short position if you're long) in the same contract or by paying the opposite party the market value of the swap agreement.


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Bookout said she left her purse underneath her seat because she didn't want her cell phone to go off during the service.
Bill Bookout, president of the National Animal Supplement Council, recommends using products formulated for animals rather than humans to ensure proper dosage and to avoid ingredients that may be toxic to pets.
For example, the power scheduling solution has an "intelligent" bookout wizard that analyzes open power positions and suggests bookouts.
 
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