Position
From Wikinfo
(synonym, see location)
In finance, a position means entitlement to receive or obligation to deliver an asset or financial instrument, as in "long position" (ownership) and "short position" (obligation to deliver).
In politics and government a position is a formally stated opinion on a well defined issue.
References
- Adapted from the Wikipedia article, "Position" http://en.wikipedia.org/wiki/Position, used under the GNU Free Documentation License
