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.
(61.) Zoja C, Corna D, Camozzi D, Carraneo D, Rottoll D, Batani C, Zanchi C, Abbate M, Remuzzi G.
The brightness and color of comets can yield constraints on the composition and the amount of gas and dust in the corna. Due to the large angular sizes of most bright comets, it has been difficult to obtain reliable brightness and color information.
(I, 234) E 'l semicapro Pari alza le corna. (IXe, 58)
The origins of modern Gaelic language development can be traced to the 1982 report Corna Gaidhlig commissioned by the Highlands and Islands Development Board (HIDB).
The Corna Formation has been described as a fine-grained, compact, allochemical limestone having a veined texture (Italithos, 2004).
Championship leader and fellow Aussie Troy Corser was in the No 1 spot on his Corna Extra Suzuki after qualifying, but a slight error of judgement in the Superpole grid decider dropped him to third spot behind Ducati-riding Frenchman Regis Laconi who missed the previous two rounds through injury.
Toussaint, sin embargo, al conjeturar como pudo haber procedido Alonso Garcia Bravo para fijar los limites de la traza, supone que tomo como base la acequia que corna de norte a sur por lo que actualmente es el Eje Central Lazaro Cardenas.
The researchers, led by Dr Francesca Corna from the University of Padova, questioned 98 homosexual and 100 heterosexual men.
The invitation side, who play Scotland and England either side of Wales on their three-match Staffware Challenge Tour, have also named the likes of Scott Quinnell (Wales), South African trio Percy Montgomery, CornA Krige and Bobby Skinstad, French pair Thomas CastaignAde and Raphaael Ibauez, All Black Taine Randell, Jason Leonard (England) and Geordan Murphy (Ireland) in their squad, while others are expected to be announced within the next few days.
(19.) Zoja C, Corna D, Farina C, Sacchi G, Lingwood C, Doyle MP, et al.
Plutone is described physically, as God is not: Siede Pluton nel mezzo, e con la destra sostien lo scettro ruvido e pesante; ne tanto scoglio in mar, ne rupe alpestra, ne pur Calpe s'inalza o 'l magno Atlante, ch'anzi lui non paresse un picciol colle, si la gran fronte e le gran corna estolle.