sale against the box

sale against the box
A short sale of stock by one who owns shares of the same stock. If the stock declines, the seller can cover at a profit; if it increases in value, he can avoid loss by delivering the shares which he owns. Du Pont v Commissioner (CA3) 110 F2d 641, cert den 311 US 657, 85 L Ed 421, 61 S Ct 11. See short sale.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • short sale against the box — A short sale where the investor owns enough shares of the security involved to cover the borrowed securities, if necessary. The box referred to is the hypothetical safe deposit box in which the certificates are kept. A short sale against the box… …   Black's law dictionary

  • short sale against the box — See sale against the box …   Ballentine's law dictionary

  • sale against the box — A species of short sale (q.v.) at a time when the taxpayer owns substantially identical shares …   Black's law dictionary

  • selling against the box — See sale against the box …   Ballentine's law dictionary

  • Short Sell Against the Box — The act of short selling securities that you already own. This results in a neutral position where your gains in a stock are equal to the losses. For example, if you own 100 shares of ABC and you tell your broker to sell short 100 shares of ABC,… …   Investment dictionary

  • sell short against the box (to) —  In the stock market to sell borrowed shares while owning the same or similar shares that one delivers later to complete the transaction.  ► “The most popular is to ‘sell short against the box.’ To do this, you arrange through a broker to sell… …   American business jargon

  • short against the box — A short sale of a stock is where the seller actually owns the stock, but does not want to close out the position. Bloomberg Financial Dictionary …   Financial and business terms

  • Sale of the Century (Australian game show) — In Australia, Tony Barber hosted an early version of Sale of the Century under the title of Temptation during the 1970s, and was also the initial host of Sale , replaced by Glenn Ridge in 1991. Hostesses over the years have included Victoria… …   Wikipedia

  • Sale of the Century (US game show) — infobox television show name = $ale of the Century format = Game show runtime = 30 minutes per episode creator = William Jones Al Howard company = William Jones Al Howard Productions (1969 1974) Reg Grundy Productions (1983 1989) country = USA… …   Wikipedia

  • Jack in the Box — This article is about the restaurant. For the toy, see Jack in the box. For other uses, see Jack in the box (disambiguation). Jack in the Box, Inc. Type Public (NASDAQ:  …   Wikipedia

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