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short exempt

 - 1 dictionary result
Financial Dictionary

short exempt

A short sale exempt from the rule that short sales must occur on upticks. Short exempts include some arbitrage transactions. Owning a security that will be converted into the common stock that will be sold allows a short exempt sale.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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