Cylinder(redirected from cylinder-like)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.
A series of two transactions involving derivatives in which there is no initial cost to the investor. A common example of a cylinder is the sale of one derivative and the use of the proceeds to buy another. It is similar to a positive carry, but does not necessarily involve offsetting positions.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved