Closed out


Also found in: Idioms.

Closed out

Position that is liquidated when the client does not meet a margin call or cover a short sale.

Closed Out

Concerning the liquidation of a position because of a failure to cover a short sale or margin call. More broadly, it refers to the sale of any position for any reason.
References in periodicals archive ?
This ultimately ensures the rig remains operable during the inspection and major and critical non-conformities can be closed out while the audit team is still on board.
licensed issuers received gross trading revenue of $490 million from binary options and $1.5 billion from CFDswhich can largely be attributed to a combination of net client losses and fees and costs charged to clients, CFD issuers automatically closed out 9.3 million client CFD positions in margin call, and over 41,000 clients CFD trading accounts went into negative balance, totalling -$33 million (that is, clients owed money to the CFD issuer).