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Covering

   Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Covering
Using forward currency contracts to predetermine the domestic currency amount of an expected future foreign receipt or payment. Also, the buying back ('covering') of a short position.

Covering
1. Informal for buying back.

2. The act of completing a transaction. For example, covering a long position may mean making payment for securities one has bought.

2. Informal; to close a position.


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