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Finance Dictionary and Glossary of Investment Terms
Selling short against the box
Selling short stock that is actually owned by the seller but held in the box, meaning it is held in safekeeping. The seller borrows securities needed to cover as the stock in the box may be inaccessible, or the seller may not wish to disclose ownership.
A short sale of a security which the seller does own but does not want to close out his/her position in, for tax or other reasons. also called shorting against the box.