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naked definition - finance
  1. Undertaking either a long or short market position without having an offsetting short or long position.
  2. Executing one side of a spread without executing the other side.
  3. Writing an options contract without owning the underlying investment.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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