Unwind
1. The closure of an investment position.
2. The reconciliation of an error previously unseen by a brokerage house. Investopedia Says:
1. Sometimes referred to as closing out a position. A good example would be unwinding an option position by entering into the opposite transaction.
2. When investment firms accidentally purchase the incorrect stock for a customer, they must reverse the transaction by selling the wrong stock and purchasing the correct one. Related Terms:
Broker
Close Position |