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Currency Put Option

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Currency put option
Contract that gives the holder the right to sell a particular currency at a specified price (exchange rate) within a specified period of time.

Currency Put Option
Option contract allowing the holder to sell a currency at a given foreign exchange price within or at a certain period of time.


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In the second quarter of 2004, the Company initiated a foreign currency put option program designed to mitigate negative effects to net income due to a potential strengthening of the U.
 
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