against the box

Against the box

Against the Box

Describing the action of short selling a security one owns. When one sells against the box, gains and losses are equalized by the long position on a security combined with the short position created by the short sale. One formerly sold against the box generally in order to be able to claim profits on the sale in the following tax year, but the Taxpayer Relief Act of 1997 largely removed this loophole.

against the box

References in periodicals archive ?
I just let one corner slip out of my hand so that one side struck against the box.
While some actors and producers chose to remain silent on the report, perfectionist Aamir Khan has come out and raised his voice against the box office collections.
Then, measure the paper against the box and cut it to size.
Pressing my face against the box, I look through the small vent.
Not that you will hear a word against the box from me.
At one point he pressed his face up against the box they sat in.
But few are betting against the box office potential of the latest Bond entry, which is expected to at least equal the heroic performances of the three most recent Bond films, each of which has earned in excess of $300 million worldwide.
If the short seller actually owns the stock but borrows it anyway, that kind of sale is called a short against the box.
Butt the side pieces (C and D) against the box bottom (E) first, then add the body silhouettes, making sure they clear the side pieces by 3/4 inch.
On the down side of things, box callers can be bulky and noisy if a hunter loses the rubber band that holds the lid tightly against the box.
This article explains the new law and whether the short sale against the box has survived.
When we finally got to the front of the queue, with our noses up against the box office window, they put up the `house full' signs and that was that.