call equivalent position.Securities. A security position that increases in value as the value of the underlying equity increases. • It includes a long convertible security, a long call option, and a short put option. SEC Rule 16a-1(b) (17 CFR § 240.16a-1(b)). [Cases: Securities Regulation 5.25(3). C.J.S. Securities Regulation §§ 28–29.]

[Blacks Law 8th]