round turn

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Round Trip

In futures and equities, to take a position and then later to close it. For example, an investor who buys a futures contract and then sells it and an investor who short sells a contract and then covers it are both round tripping. The practice is also called a round turn.

round turn

In futures trading, a completed trade involving the purchase and subsequent sale of a position, or the sale and subsequent covering purchase.

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.

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The youngster from Kenilworth, in his first season as a card-carrying tournament golfer, had a very good round turn sour on him in the British Masters at the Forest of Arden yesterday and it was with some trepidation that we sought an explanation.

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