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(FINANCE) when a trader in a short position is wrong about the price movement, and is [consequently] forced to buy the asset at [the higher] price in order to meet legal obligations. The classic example of this is the broker who sells stocks he does not own, in the [expectation] that he can buy the stock in the future at a lower price for delivery. If the price goes up instead of down, the broker must "cover his shorts," and very possibly drive prices higher still.
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