Definition of "collared" [col•lared]

• Having a collar (or other encircling demarcation). (adjective)
• Simple past tense and past participle of collar. (verb)

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• "Gilbert Arenas watched in collared shirt and tie on the bench."
• "Other ways that utilities hedge are through fixed-price contracts and through so-called "collared" price contracts -- which set floor and ceiling prices."
• "The investor is said to have "collared" the shares, limiting potential gains as well as potential losses."