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sell against the box

From Wiktionary, the free dictionary

English

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Verb

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sell 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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