covering


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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.

covering

a means of protecting the domestic currency value of the future proceeds of an international trade transaction, usually by buying or selling the proceeds of the transaction in the FORWARD MARKET for foreign currencies.

covering

a means of protecting the domestic currency value of the future proceeds of an international trade transaction, usually by buying or selling the proceeds of the transaction in the FUTURES MARKET for foreign currencies. CPI see CONSUMER PRICE INDEX.
References in classic literature ?
I never put it up when the sun shines; pink fades awfully, you know, and I only carry it to meetin' cloudy Sundays; sometimes the sun comes out all of a sudden, and I have a dreadful time covering it up; it's the dearest thing in life to me, but it's an awful care.
They find less difficulty from the want of beds, than from the want of time to sleep; for when their day's work in the field is done, the most of them having their wash- ing, mending, and cooking to do, and having few or none of the ordinary facilities for doing either of these, very many of their sleeping hours are con- sumed in preparing for the field the coming day; and when this is done, old and young, male and female, married and single, drop down side by side, on one common bed,--the cold, damp floor,--each covering himself or herself with their miserable blankets; and here they sleep till they are summoned to the field by the driver's horn.
The house was larger than Hartfield, and totally unlike it, covering a good deal of ground, rambling and irregular, with many comfortable, and one or two handsome rooms.
The latter, though unable to speak, seemed to feel all the tenderness of this behaviour, and after some time thus spent in joint affliction, she put all the letters into Elinor's hands; and then covering her face with her handkerchief, almost screamed with agony.
Gathering my mantle about me, and sheltering my hands in my muff, I did not feel the cold, though it froze keenly; as was attested by a sheet of ice covering the causeway, where a little brooklet, now congealed, had overflowed after a rapid thaw some days since.
Catherine's library was select, and its state of dilapidation proved it to have been well used, though not altogether for a legitimate purpose: scarcely one chapter had escaped, a pen-and-ink commentary - at least the appearance of one - covering every morsel of blank that the printer had left.
The HOUYHNHNMS, who came to visit my master out of a design of seeing and talking with me, could hardly believe me to be a right YAHOO, because my body had a different covering from others of my kind.
In the orchestra stalls, the drugget covering them looked like an angry sea, whose glaucous waves had been suddenly rendered stationary by a secret order from the storm phantom, who, as everybody knows, is called Adamastor.
They all disappeared down the trapdoor, and after remaining below for a few minutes came up again, but without the boy, and let down the trapdoor, covering it with earth as before.
Don Quixote and Sancho were overwhelmed with amazement, and the bystanders lost in astonishment, while the Trifaldi went on to say: "Thus did that malevolent villain Malambruno punish us, covering the tenderness and softness of our faces with these rough bristles
And so well have they succeeded in covering the event with mystery, that to this very hour, despite all that has been said and written on the subject, it still remains doubtful whether they wreaked upon his murdered body the vengance they sometimes inflicted upon their enemies.
The black drew up, with a cheerful grin upon his chilled features, and began thrashing his arms together in order to restore the circulation of his fingers, while the speaker stood erect and, throwing aside his outer covering, stepped from the sleigh upon a bank of snow which sustained his weight without yielding.