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:
“I repeat, sir, that in whatever position you place a woman she is an ornament to society and a treasure to the world. As a sweetheart, she has few equals and no superiors; as a cousin, she is convenient; as a wealthy grandmother with an incurable distemper, she is precious; as a wet-nurse, she has no equal among men. What, sir, would the people of the earth be without woman? They would be scarce, sir, almighty scarce.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)