against the box(redirected from Against-the-Box)
Against the box
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
against the box
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.