HomeDefinitionsCompareDebt Covered positionThe financial definition for Covered position:Use of an option in a trading strategy in the underlying asset is already owned. Similar MatchesClear a positionClear a positionTo eliminate a long or short position, leaving no ownership or obligation. Discretionary PropositionDiscretionary PropositionA proposal on a proxy card that brokers can cast in favor of management if they have not yet heard from the beneficial holder ten days before the annual meeting. See: Ten-Day Rule InterpositioningInterpositioningThe practice of using a second broker in a securities transaction, which is considered illegal it is if used to generate additional commission. Further SuggestionsLong positionLong position in an option Miller and Modiglianis irrelevance proposition Modigliani and Miller Proposition I Net position Open position Position Click to compare definitions of Covered position Click to view definitions beginning co |