Cover

(1) Purchasing futuresSee Futures Contract. to offsetLiquidating a purchase of futures contracts through the sale of an equal number of contracts of the a short(1) The selling side of an open futures contract; (2) a trader whose net position in the futures market positionAn interest in the market, either long or short, in the form of one or more open contracts. (same as Short CoveringSee Cover.); see Offset, LiquidationThe process of dissolving a company by selling its assets for cash.; (2) to have in hand the physical commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated when a short futures sale is made, or to acquire the commodity that might be deliverable on a short salean instance where a borrower sells residential real property to a third party prior to a foreclosure.