short selling


noun

finance the practice of selling commodities, securities, currencies, etc that one does not have in the expectation that falling prices will enable one to buy them in at a profit before they have to be delivered

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A bet is synonymous with a wager, but what does it mean in New York?
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012