(FINANCE) when a trader in a short position is wrong about the price movement, and is consequently forced to buy the asset at the higher price in order to meet legal obligations.
The classic example of this is the broker who sells stocks he does not own, in the expectation that he can buy the stock in the future at a lower price for delivery. If the price goes up instead of down, the broker must "cover his shorts," and very possibly drive prices higher still.
The classic example of this is the broker who sells stocks he does not own, in the expectation that he can buy the stock in the future at a lower price for delivery. If the price goes up instead of down, the broker must "cover his shorts," and very possibly drive prices higher still.
When Morgan was ready to squeeze the shorts, he was damn certain his corner would hold as the Twombly men scrambled to buy shares at any price.
"I've got your short cover right here, Gentlemen," he snorted from his seat overlooking the trading pit.
"I've got your short cover right here, Gentlemen," he snorted from his seat overlooking the trading pit.
by Abu Yahya April 15, 2010
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After Josh and I hotboxed his room, we lit some cover sticks so his mom wouldn't know we smoked weed in there
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Fred always found it intensely embarrasing when his mum sent him down to the shops for man-hole covers.
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Get the manhole cover mug.Clover is aterm used to describe a genuiely beautiful girl. One that makes you stop for a moment but yet it feels liek an eternity and go - oh my lord. This is true beauty.
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Get the covered in minge mug.A cover version of a cover version. When song C is clearly an uninspired version of song B which may or may not be an unspired version of song A.
In some people's book, a sin.
In some people's book, a sin.
A: "Dude, your playlist is entirely made up of lame ass cover-covers of that old Tears for Fears song. Are you trying for emo kid of the year or what?"
B: "What are you talking about?!? Donnie Darko is awesome!"
B: "What are you talking about?!? Donnie Darko is awesome!"
by canonlibel February 22, 2010
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