position(redirected from tripod position)
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A market commitment; the number of contracts bought or sold for which no offsetting transaction has been entered into. The buyer of a commodity is said to have a long position, and the seller of a commodity is said to have a short position. Related: Open contracts.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The state of owning or owing a security or other asset. One has a long position when one owns something, while one has a short position when something is sold, especially sold short. See also: Close a position.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
To buy or sell securities in order to establish a net long or a net short position. Also called take a position.
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.