Definitions of "naked"
  1. A term describing a situation where there is no interest, exclusive control, use, or possession
  2. Describes a situation where the writer of an option does not have ownership of the commodity, the contract for the commodity, or the security
How to use "naked" in a sentence
  1. The lack of proprietary rights indicated that the agreement was a naked one.
  2. Without owning the related commodity, the broker wrote a naked option.
  3. For this contract, a naked scenario arises when the control, use, or possession is absent.

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