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TeachMeFinance.com - explain Rig historic definition... Rig -- On the London Stock Exchange there is said to be a rig in a stock when a set of speculators have combined to buy up the available supply so as to make the stock scarce with the purpose of effecting a rise in the price of it. The corresponding term on the New York Stock Exchange is corner; see Corner. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.