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Losing the Points |
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Losing the Points Somewhat informal; in foreign exchange, the act of selling a futures contract on a currency at a low exchange rate and buying a currency on the spot market at a higher exchange rate. When one must deliver the underlying currency on the futures contract, losing the points guarantees a loss because one sells the currency at a rate lower than the one at which one bought it. Obviously, losing the points is inadvisable. See also: Gaining the points. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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