Bookout

To close a position on an over-the-counter derivative, especially a swap. One may bookout by selling a long position, buying a short position, or simply paying the market value of the derivative to the other party of the transaction.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.