Earning the Points

Earning the Points

Somewhat informal; in foreign exchange, the act of selling a futures contract on a currency at a high exchange rate and buying a currency on the spot market at a lower exchange rate. When one must deliver the underlying currency on the futures contract, earning the points guarantees a gain because one sells the currency at a higher rate than the one at which one bought it. See also: Losing the points.
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I can have a little fun at the blackjack table tonight,'' Johnson said of the bonus that comes with earning the points lead.