corner

Definitions (2)

1. A situation in which a single investor, related group of investors, or company has a controlling interest in the stock of a particular company. Because the investor has "cornered the market," the investor is able to manipulate price because of the limited available supply of the stock.
2. A situation in which the amount of contracts for the future delivery of a particular commodity are greater than the amount of commodity physically available for delivery. For example, the price of oranges would be cornered if more futures contracts are issued for oranges than the amount of oranges actually available for delivery. Cornering the price of a commodity is a rare occurrence, and can occur if an unexpected event, such as a natural disaster, destroys a large portion of the supply.

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