A stock that is sold short when the short seller has not actually borrowed it. As a result, the ghost stock cannot be delivered to the buyer. It should not be confused with ghosting.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Stock that has been sold short but that has not been borrowed and therefore cannot be delivered to the buyer.
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.