position


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Position

A market commitment; the number of contracts bought or sold for which no offsetting transaction has been entered into. The buyer of a commodity is said to have a long position, and the seller of a commodity is said to have a short position. Related: Open contracts.

Position

The state of owning or owing a security or other asset. One has a long position when one owns something, while one has a short position when something is sold, especially sold short. See also: Close a position.

position

The ownership status of a person's or an institution's investments. For example, a person may own 500 shares of Sun Microsystems, 350 shares of Boeing, and a $10,000 principal amount of 9% bonds due in 2001. See also long position, short position.

position

To buy or sell securities in order to establish a net long or a net short position. Also called take a position.
References in classic literature ?
Give me your hand, sir; tell me, on your word of honor, that you will provide for your wife as becomes her position and your means, and the question of settlements is decided between us from this moment at once and forever
If, at your express request, I take off my honest English coat here and put on a Jesuit's gown -- if, purely out of sympathy for your awkward position, I consent to keep your secret for you from Mrs.
Mean, selfish, and cowardly as he was, even Noel Vanstone might feel some compunction at practicing such a deception as was here suggested on a woman who stood toward him in the position of Mrs.
If that position was not a desperate one, it would be well worth his while to marry Miss Verinder for her income alone.
My dear Miss Rachel, you are very young--and you may find more difficulty in withdrawing from your present position than you anticipate.
Here was her sensitive horror of the bare contact with anything mean, blinding her to every consideration of what she owed to herself, hurrying her into a false position which might compromise her in the estimation of all her friends
I entreated her to consider her own position I reminded her that she would be exposing herself to the most odious misconstruction of her motives.
From this position of helplessness and humiliation I was rescued by Miss Halcombe.
The Assistant Commissioner had expressed no opinion either then or later, his position making it impossible for him to ventilate any independent view of a ticket-of-leave convict.
The Assistant Commissioner made a reflection extremely unbecoming his official position without being really creditable to his humanity.
And there would be also some scandalised concern for his art too, since a man must identify himself with something more tangible than his own personality, and establish his pride somewhere, either in his social position, or in the quality of the work he is obliged to do, or simply in the superiority of the idleness he may be fortunate enough to enjoy.
The head of the so-called Special Crimes Department debarred by his position from going out of doors personally in quest of secrets locked up in guilty breasts, had a propensity to exercise his considerable gifts for the detection of incriminating truth upon his own subordinates.