trading: Situation where a dealer
(called short seller) sells commodities, financial instruments, shares, etc., which are to be delivered on a future date at a certain price, but which he or she does not own at the time of sale
. Short sellers are 'bear' speculators who expect to purchase
the item (at the time of delivery) at a price lower than at which it was sold.
Opposite of long position
. See also short sale