Cover

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Related to cover position: shorted

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.

References in periodicals archive ?
the services provided, in addition to their own coordination tasks, will need to cover positions of hostesses, translators, waiters, waiters and ticket clerks.
The reason seems to be that the GRU has better cover positions for accessing Western technology.
Hidenori Fukuhara, a dealer at Daiwa Bank, said, "We had expected no intervention before the year-end because that would force players to cover positions and throw the market into confusion."
The Section 218 agreements cover positions, not individuals; therefore, any worker filling a position similar to a covered position must have FICA taxes withheld.
It was felt that these years would adequately cover positions held or sought by librarians either in "midcareer" or in "midlife" from the information taken from Wilder's ARL sample of academic librarians.
He said that the British troops had been surprised at how extensive the Taliban's defensive complex was, with 40 metre long trenches, a metre wide and more than 2 metres deep with a network of firing points and cover positions.
"The fall in oil prices and the fact that foreign investors had to sell out of emerging markets to cover positions in their home markets had an impact on ADX, but these were not the main reasons stock market prices in Abu Dhabi fell in the second half of 2008", he said."The lack of liquidity in the banking sector meant the stock exchange became the only source of cash for many investors, who needed liquidity, so they had to sell," he continued.
"The fall in oil prices and the fact that foreign investors had to sell out of emerging markets to cover positions in their home markets had an impact on ADX, but these were not the main reasons stock market prices in Abu Dhabi fell in the second half of 2008", he said.
The Scottish international midfielder said: "We've had to field a lot of young players to cover positions.
Mr Leeson later came up with the theory that his immediate bosses, who should have been questioning his margin calls for extra cash to cover positions were too embarrassed to enquire too closely because it could have exposed their lack of knowledge about the futures and options markets.
At any given location you can jog between two or three cover positions or just hang out in the open and fire away.