cover

(redirected from covers position)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Cover

The amount above UNITY of a debt service ratio.

Short Cover

The act of buying a security one has previously sold short in order to close a position. In order to make a profit on a short cover, one must buy the security at a price less than the price at which one sold it. It is also simply called a cover.

cover

cover

see DIVIDEND COVER, INTEREST COVER.
References in periodicals archive ?
The vertical apparently covers positions in Mar 38 puts opened Monday when 6.9K traded VWAP of 38.5c.
Shares off 30c to $43.46 and the vertical, which is tied on a 23 delta, probably covers positions opened last month, including a buyer of 60K of the same spread for 77c on 1/9 with shares $43 (verses the opening sale of 40K Feb 44 calls at $1.21, which have since expired).