Covered
A trading position is considered to be covered if it is offset by another position. In other words it is a synonym for hedged but usually only in the the context of trading and arbitrage.
The opposite of covered is "uncovered" or "naked".
A trading position is considered to be covered if it is offset by another position. In other words it is a synonym for hedged but usually only in the the context of trading and arbitrage.
The opposite of covered is "uncovered" or "naked".
Copyright Graeme Pietersz © 2005-2010