Unwind

1. See: Close a position.

2. To correct a mistake. For example, if an investor instructs his/her broker to sell a security and the broker instead buys it, the broker must re-sell the security, and pay the client what he/she may have lost in the mistake. This process is known as unwinding.

unwind

1. To close out a relatively complicated investment position. For example, an investor who practices arbitrage by taking one position in stocks and the opposite position in option contracts would have to unwind by the date on which the options would expire.

2. To rectify a transaction in which a mistake has been made. For example, because of a misunderstanding, a brokerage firm may have bought the wrong stock for a customer. The firm must then unwind the erroneous trade by selling the stock just purchased and buying the correct stock.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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Basic mechanical unwind tension controls using pneumatics or springs to balance the force of a rotating dancer or rotary web festoon against some type of brake on the unwind shaft.

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| The island of Mauritius | The island of Mauritius Relax and unwind on a Mexico holiday for two SOVEREIGN Luxury Travel (0843 770 4526, www.sovereign.com), offers a saving of up to PS226 on a week at the five-star Now Larimar Punta Cana with prices from PS1,168 per person.

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Therefore it is still possible to unwind at very high unwinding velocities from packages with sufficiently large smallest radius (as determined by the radius of the tube on which the yarn is wound).

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