What is the meaning of Close a position?

In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position.

Barry Goldsmith
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APABarry Goldsmith. (2010). close a position. Retrieved September 23, 2026, from http://smartdefine.org/close_a_position/definitions/1149993
ChicagoBarry Goldsmith. 2010. "close a position" http://smartdefine.org/close_a_position/definitions/1149993 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, close a position, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/close_a_position/definitions/1149993>.
MLABarry Goldsmith. "close a position" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/close_a_position/definitions/1149993>