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Closing Purchase

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Closing purchase
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.

Closing Purchase
1. Any transaction that closes a position, especially a short position.

2. An option seller's purchase of another option that cancels out the provisions of the previous option by having the same provisions.

closing purchase


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Especially your closing purchase documents before you sign them at closing.
Results for the Seller · If you cancel your open position with a closing purchase transaction, you pay the premium.
American online publication The E-commerce Guide quotes a recent study which showed that a whopping 67 per cent of e-consumers abandoned virtual shopping carts before closing purchases due to a lack of confidence in revealing such information as credit card and phone numbers.
 
 
 
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