Selling short against the box
Definition: [crh] Selling short stock that is actually owned by the seller but held in the box, meaning it is held in safekDefinition: eeping. The seller borrows securities needed to cover as the stock in the box may be inDefinition: accessible, or the seller may not wish to disclose ownership. The traditional motive for this transaction was to defer capital gains taxes. However, this method became infeasible under the Taxpayer RDefinition: elief Act of 1997.
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