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 ?
But Halifax sealed the three points when Marc Roberts headed in a corner kick.
However, Abdelkarim who leapt above the rest of the pack to beat goalkeeper Sherif Ekramy, nodded Khalfan Ibrahim's corner kick into the goal.
Whether she was cutting off the angle of a Bronco breakaway, punching out balls on corner kicks, or simply standing tall under pressure, Steele earned her first collegiate shutout with eight saves, pushing her total to 13 for the season.
I can't ask anymore than I got from the team in the second half and I'm just disappointed we conceded those two goals from corner kicks.
The Lions broke a scoreless tie with 19 minutes left when Fabio Rodrigues booted a corner kick into a scrum in front of the net, and Chris Pereira pushed it past Algonquin keeper Jose Silva to make it 1-0.
REFEREE Terje Hauge denied Liverpool what outraged fans believed was a blatant penalty in injury time when Sami Hyypia was repeatedly restrained as the Reds pushed forward at a corner kick.
In addition, every corner kick was of approximately the same pace, and several bypassed everyone in the penalty area
And Advocaat's men came close to an opener after a couple of minutes from a corner kick met by Lorenzo Amoruso, but his close-range header finished over the bar.
I just hope we get things sorted out at corner kicks before we do
We don't often concede goals from corner kicks and if we do, not three of them in one match.
Many soccer teams have a standard way of playing the ball into the penalty area on corner kicks.
The visitors deserved at least a point for their efforts, but thehosts exposed Chester's main"weakness and scored both their goals through corner kicks.