close a position

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Close a position

In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Close a Position

To end an investment; to change from a long position to a short position or vice versa. A long position is ownership of a security or option, while a short position is debt. Thus, to close a long position is to sell a security or option and to close a short position is to buy out the debt.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

close a position

To eliminate an investment position. The most common way to close a position is to sell a security that is owned. An investor might also close a position by purchasing stock to replace shares borrowed for a short sale.
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.
References in periodicals archive ?
Williams said ahead of today's game: "Traditionally there have been very good games between us and with the two team teams in close position in the table, hopefully we will witness that again."
The price has reached a top and 5 WMA dives under 12 WMA --> Close position
Citing a close position on many issues, Davoudi said Tehran and Ankara have great potentials to consolidate their relationship, especially in the fields of economy and culture.
One would be a bit wary if either Barefoot Ridge, Kegans Glory or Airmount Rover were in a close position heading down the back, especially at this early stage of the year, but it will be a surprise if the Gleeson flying machine doesn't enter next week's Easter Cup on a fast winning note.
2.3K 82.5 calls and 2.6K Apr 90 calls trade total today and, while the Apr 90s open, the Mar 82.5s apparently close positions from Friday when 5.3K traded VWAP of 19c.
At the end of last year, the Polish President Andrzej Duda, during his visit to Sofia, stressed that Warsaw and Sofia have close positions on the role of cohesion policy and the common agricultural policy, which are an important element of the future common European budget, the negotiations of which are currently in a crucial phase.
The Mayor of municipality Tetovo, Teuta Arifi, is the person that SDSM and BDI have close positions to put forward as a consensual candidate to run for a president.