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Corner

1. The act of securing enough controlling interest or ownership within a single security so that manipulation of price can occur.

2. A rare situation occurring in commodity markets wherein the quantity of underlying securities and commodities available are exceeded by the commitments of delivery quantities on future contracts.

Notes:

1. When someone is said to have "cornered the market," he or she has gained significant power over the manipulation of quantity and price.

2. In other words, the obligations on future contracts to deliver a particular commodity greatly outweigh the actual amount of the commodity available. For example, a freak tornado sweeping through Hawaii and killing all pineapple crops would result in a corner. The tornado would drastically reduce the quantity of pineapples available for delivery against the delivery obligations of future contracts that were previously created.

See also: Actual, Basis Grade, Break, Contract Unit

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corner

Significant control over a sufficient portion of a particular security so that it is possible to control the security's price. Others wishing to purchase the security, especially to cover short positions, are forced to buy it at an artificially high price. Corners were popular in the early 1900s when the securities markets were virtually unregulated. See also natural corner.

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corner

To acquire a big enough position in a particular security or commodity so that control over its price and supply is achieved.