Naked

Definition - adj
1 : characterized by the lack of an interest or of exclusive control, use, or possession
2 : not backed by the option writer's ownership of the commodity, the contract for the commodity, or the security

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action

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