open purchase

Definition

Forex

• A condition of ownership of a currency, commodity or other financial asset or contract which has not yet been closed out. An open purchase generally represents a long position in a trader's account which has yet to be sold or offset.

Nearby Definitions of “open purchase”

• one-day
• one-night stand
• one-word idiom
• onion
• open
• open purchase
• operate
• operating costs
• operating profit
• operation
• operational

Contexts for “open purchase”

1 definition in context
• Forex