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cover
(redirected from Covered position)

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia 0.01 sec.

To protect or shelter; to make good; to insure. To cover a check means to deposit sufficient funds in a bank account to pay the amount written on a check or checks.

The right of a purchaser to buy goods other than those that were originally contracted for as a remedy in the event of a breach of contract by the seller.

In contract law concerning sales transactions, the Uniform Commercial Code provides that a buyer may use cover for protection in an action for breach of a sales contract. The person may, in Good Faith, purchase substitute goods when a seller violates their contract by failure to deliver goods. The buyer may then recover the difference between the original goods or contract price and the cost of cover.


cover (Pretext), noun alleged reason, camouflage, claim, disguise, excuse, guise, mask, obtegere, operire, pretense, profession, screen, sham, subterfuge, velare
cover (Protection), noun blanket, coating, covering, coverture, guard, integument, safeguard, sheath, shelter, shield, veneer
cover (Substitute), noun alternate, alternative, equivvlent item, exchange, replacement, similar item, stand-in, substitution
cover (Conceal), verb becloud, befog, bury, cloak, curtain, disguise, enshroud, hide, keep out of sight, mask, obscure, put out of sight, screen, seclude, shroud, veil, velare
Associated concepts: cover one's assets
cover (Guard), verb care for, defend, ensure, harbor, insure, keep in safety, keep safe from harm, keep under close watch, make safe, protect, safeguard, secure, sheathe, shelter, shield, take care of, watch over, wrap
cover (Provide for), verb compensate for, insure, make compensation, make provision for, pay, recompense, replace, substitute, suffice to defray
Associated concepts: buyer's right to cover
See also: artifice, blind, camouflage, circumvent, cloak, close, clothe, comprehend, conceal, concealment, consist, disguise, embrace, encompass, ensconce, enshroud, envelop, guard, harbor, hedge, hide, include, incorporate, maintain, obfuscate, obliterate, obnubilate, obscure, occlude, outbalance, overlap, patrol, penumbra, perambulate, pretense, pretext, protect, protection, publish, safeguard, screen, seal, seclude, shelter, shield, shroud, shut, spread, sustain, veil


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Investors who had bet on falling oil prices covered positions as they monitored the situation in Nigeria, said Andy Lipow at Lipow Oil Associates.
Summary: EUR shorts covered positions after September German IFO came in at 92.
Just because an investor has a stop loss in place, it does not mean that they have covered position sizing.
 
 
 
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