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Related to even up: even if
To offset a position by buying or selling an amount equal to the opposite position. For example, if one owns 1,000 shares in stock A, one evens up by selling those 1,000 shares.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
To buy or sell a security in a quantity that offsets an existing position in that security.
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.