Corner

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Related to dihedral: dihedral group, dihedral effect

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 ?
perpendicular to]] either commute or generate an infinite dihedral subgroup in W.
Let now k > 1, and let denote the dihedral group of order 2k, and let [C.
Faizi, Commuting graphs of dihedral type groups to appear.
The distribution of backbone dihedral angles ('Ramachandran plot') have often been used for such quality control, but without a firm statistical foundation.
The basic Dihedral goes for $425 and can be dressed up from there.
This spirit is particularly strong in Williamsburg at the moment, which made it a fitting--if somewhat obvious--location for Packard's Dihedral Product, which lasted a total of eight days and included a sound component.
The generators [rho] and [tau] of the dihedral group [D.
They present "symmetric icons" produced with dihedral symmetry, "quilts" produced with repeating patterns, and "symmetric fractals" produced with fractals.
Stereochemical evaluation of backbone Psi and Phi dihedral angles revealed that 78.
there are many advanced technologies that were developed in gas turbines that could easily be incorporated in steam turbines, such as three-dimensional designs with compound dihedral stators, and contoured end walls.
dihedral]); torsional energy, which is associated with the tendency of dihedral angles to have a certain n-fold symmetry and to have minimum energy,
To maintain the same wing wetted area as initial design, and break point positions are recalculated without twist and dihedral factors.