Corner

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Corner

For surveying purposes, the designation given to a particular location formed by the intersection of two boundary lines of real property.

The process by which a group of investors or dealers in a particular commodity exploit its market by purchasing it in large quantities and removing it from general sale for a time, thereby dramatically increasing its market price because its limited supply is greatly exceeded by the demand for it. The condition created when a commitment is made to sell at a special time of delivery in the future, a much greater quantity of a commodity than is available in the present market.

This type of commitment is known as a futures contract. Frequently, neither buyer nor seller expects actual delivery of the goods. They are solely speculating on the difference between the contract price and market price on a particular date. The market price is affected by various economic factors. When a corner is created, the demand for the commodity far exceeds its supply, thereby driving up market prices. On the date of delivery, therefore, the market price will exceed the contract price if no additional quantities can be delivered by persons other than the seller who has "cornered" the market. The buyer must then pay the seller, who had a corner on the specified commodity, the amount by which the market price exceeds the contract price. If, however, additional quantities of the commodity are available in the market, the seller incurs financial losses because the market price will be less than the contract price at which the market was "cornered."

The Commodity Futures Trading Commission is the federal regulatory agency charged with the administration of the Commodity Exchange Act (7 U.S.C.A. § 1 et seq.), which is designed to protect all commodity investors from manipulative practices that hinder the free flow of commerce. Anyone who deliberately exploits the commodities market to create a corner may be prosecuted under federal law for commission of a felony, punishable by a fine of not more than $500,000 or imprisonment of not more than five years, or both, plus the costs of prosecution.

See: border, edge, monopolize, perplex, plight, predicament, stand
References in periodicals archive ?
4571 / Nihil obstat a la representacion de la obra: / "Le corna di Don Friolera" con los recortes aportados / Fecha: 30-X-1934 XIIo / Por el Ministro / F.
Zoja C, Benigni A, Camozzi D, Corna D, Longaretti L, Todeschini M, Remuzzi G.
The greatest impact of Corna Gaidhlig was the recommendation that led to the creation of the Gaelic development agency Comunn na Gaidhlig (CnaG) in 1984.
The Corna beds represent shallow marine carbonates, deposited on the eastern flank of the Lombardy Basin in northern Italy, as the basin was in the early stages of its development (Winterer and Bosellini, 1981).
It's weird having him around all the time," Corna said.
Di voi pastor s'accorse il Vangelista, quando colei che siede sopra l'acque puttaneggiar coi regia lui fu vista; quella che con le sette teste nacque, e da le diece corna ebbe argomento, fin che virtute al suo marito piacque.
E quella che in questo istante, fuori da un labirintico intreccio di si e di no, fa si che la mia mano corna in un certo cammino sulla carta .
Gia si muoveva cosi poco, la mattina levandoci la trovavamo sulla piastrella bianca della fornacetta che pareva un ornamento come le corna di capra, un po' piu alte verso il soffitto.
Ario Corna, Sales Manager for Pakistan said, "The machine can manage different kind of fabrics from natural to synthetic or blended fabrics with Viscose, Modal, Tencel and Lycra etc".
C: bulbillos foliosos desarrollados sobre una rama de la panicula tras la antesis (A Corna, A Pobra do Caraminal, 23-VII-2015).
6) He not only transforms the hortus conclusus of the convent into the locus of sexual activity but also literalizes the mystical metaphor of the bride of Christ in such a way that when Masetto returns to his village he sees himself as having cuckolded Christ, "affermando che cosi trattava Cristo chi gli poneva le corna sopra 'l cappello" ("affirming that that was how Christ treated those who put horns on His crown" Dec.