An action taken by a trader in the forex, options or futures market where a second position is taken that is opposite to the original position. To offset a trading position with an opposite position effectively reduces a trader's position to flat (not long or short) avoiding further obligations for delivery on the trader's part.
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first in first out (FIFO)
bull spread
currency mismatching
contract month
uncovered option
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closely held company
blocked funds
crossed trade
round off