round trip

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Round Trip

In futures and equities, to take a position and then later to close it. For example, an investor who buys a futures contract and then sells it and an investor who short sells a contract and then covers it are both round tripping. The practice is also called a round turn.

round trip

The purchase and sale of the same security. Some brokerage firms offer a discounted commission if a round trip is completed within a certain length of time. Also called round turn.