Corner

corner

1. a projecting angle of a solid object or figure

2. Commerce a monopoly over the supply of a commodity so that its market price can be controlled

3. Soccer Hockey a free kick or shot from the corner of the field, taken against a defending team when the ball goes out of play over their goal line after last touching one of their players

4. either of two opposite angles of a boxing ring in which the opponents take their rests

5. Mountaineering a junction between two rock faces forming an angle of between 60° and 120°

6. Logic either of a pair of symbols used in the same way as ordinary quotation marks to indicate quasi quotation

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Corner

the Informal an area in central Australia, at the junction of the borders of Queensland and South Australia

Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

Corner

The position at which two lines or surfaces meet; the immediate exterior of the angle formed by the two lines or surfaces, as in the corner of a building or structure. The corner is one of the most important zones expressing the junction of two facades. Corners can take many forms such as recessed, rounded, retracted, framed, or stepped in shape. They can be angular, curved, or articulated in many different ways.

Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

corner

In land surveying, a point established for marking the boundaries of landed property either by an actual survey or by agreement between neighbors. Monuments or other objects may serve to designate intersection points of the boundary lines.

McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Corner

 

the simplest type of association of capitalists formed to control the market of some commodity. The corner seeks to purchase all available supplies in order to resell them at higher prices. Corners are created in the commodity and the stock exchanges; in the latter they purchase all available stocks of some companies for subsequent resale or for acquisition of the controlling interest in a certain company.

Corners were known as early as the 16th and 17th centuries. During the last decade of the 19th century, well-known corners were created by the American railroad “barons” during the struggle with the biggest exchange promoters, or “bears” (in the jargon of the security exchange, bears are businessmen who support the downward tendency of stock and bond prices). Sometimes corners are organized to combat massive sellings on the stock exchange by the bears, who are trying to drive down the price of a company’s stocks.

Because as long as two weeks may pass between the moment the business transaction is contracted and the time the commodity or securities are actually transferred to the buyer, the bears can repurchase the stocks or commodities sold by them and receive a speculative profit from the difference between the buying and selling prices. Corners are formed to prevent the repurchase of the commodity once sold. Since in this case the bears are threatened with bankruptcy and complete ruin, they sometimes are forced to hold up the sale of stocks, which in turn leads to the stabilization of the rates of exchange for the stocks of the company for which the corner is acting.

A. V. GRISHIN

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.