Leerverkauf

German

Etymology

From leer (“empty”) +‎ Verkauf (“sale”).

Pronunciation

  • Audio (Germany (Berlin)):(file)
  • Rhymes: -aʊ̯f

Noun

Leerverkauf m (strong, genitive Leerverkaufes or Leerverkaufs, plural Leerverkäufe)

  1. (finance) short sale
    Synonym: Blankoverkauf
    • 2010, Der Spiegel‎[1], number 25/2010, page 80:
      Ein Verbot sollte es nach Ansicht vieler Ökonomen auch für die sogenannten Leerverkäufe geben. Banken verkaufen dabei Aktien oder Währungen, die sie noch gar nicht besitzen oder allenfalls geliehen haben.
      In the opinion of many economists there should also exist a prohibition for the so-called short sales. In these banks sell shares or currencies that they do not own at all yet or have borrowed at best.

Synonyms

  • Short-Sale (the English technical term used in German finance)
  • Leerveräußerung (formal legal term for the act of selling without ownership)

Antonyms

  • Kassamarktkauf (the purchase of securities for immediate delivery and payment)
  • Long-Position (holding a security in expectation of a price increase)

Coordinate terms

  • Eindeckung (the purchase of securities to close out a short position)
  • Wertpapierleihe (the lending of securities, usually a prerequisite for a legal short sale)
  • Termingeschäft (a contract to buy or sell an asset at a future date at a predetermined price)
  • Spekulation (the act of trading in an asset that has a significant risk of losing value but also the expectation of a significant gain)
  • leerverkaufen (to short sell)
  • Leerverkäufer (short seller)

Further reading

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