Position (finance)
In financial trading, a position is a binding commitment to buy or sell a given amount of financial instruments, such as securities, currencies or commodities, for a given price.
The term "position" is also used in the context of finance for the amount of securities or commodities held by a person, firm, or institution, and for the ownership status of a person's or institution's investments.
Read more about Position (finance): Trading and Financial Assets
Famous quotes containing the word position:
“Only the other day I was inquiring of an entire bed of old- fashioned roses, forced to listen to my ramblings on the meaning of the universe as I sat cross-legged in the lotus position in front of them.”
—Prince Charles (b. 1948)