sell against the box

English

Verb

sell against the box (third-person singular simple present sells against the box, present participle selling against the box, simple past and past participle sold against the box)

  1. (finance) To sell stock that one owns, but deliver stock acquired elsewhere, so that one is effectively selling short and protecting oneself from a fall in the stock.
    • 1932, United States. Congress. Senate. Committee on Banking and Currency, Stock Exchange Practices: Hearings Before the Committee, page 332:
      Mr. ROCKEFELLER. The large holdings I think I sold back in 1925 or 1926.
      Mr. Gray. Did you sell against the box then?
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