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Selling some part of a stock or bond position in a portfolio to realize capital gains or to losses or increase cash assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
To sell part of a security while still keeping it in one's portfolio. One may lighten up on a security because one believes that it will fall (but not necessarily by much) or because it is overrepresented in the portfolio.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
To reduce, but not eliminate, a particular security position when the investor feels that the security constitutes too much of the portfolio's total value, or when the investor is feeling less bullish on the security. In either case, a residual position in the security is maintained.
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.