cover

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Cover

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
References in periodicals archive ?
We focus now on investors who are highly risk-averse in gains and highly risk-seeking in losses and ask if such investors also prefer a fully covered position over the first partially covered position.
They consider naked and covered positions, straddles, strangles, and calendar spreads, with different maturities and levels of moneyness.
When logistics employees become eligible to compete for GS-15 LCCEP covered positions, the Professional Credentials Score (PCS) is used to assess and refer candidates.
Reports of extension of exemption on capital gains and an early final bidding date for the sell-off of PSO burred investors back in the market who covered positions, pushing the index firmly above the 3,000 level.
GAO was able to establish, however, that in Texas and Georgia 4,819 individuals as of June 2002 performed work in Social Security covered positions for short periods to qualify for the GPO last-day exemption.