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 ?
Suddenly a hand reached out and pulled the fur over me, shortly afterwards adding another to my covering.
As soon as the precise spot is pitched upon, blankets, saddle-cloths, and other coverings are spread over the surrounding grass and bushes, to prevent foot-tracks, or any other derangement; and as few hands as possible are employed.
Indeed, whether on carpets, or curtains, or tapestry, or ottoman coverings, all upholstery of this nature should be rigidly Arabesque.
Even the coverings of their tombs were gone-- destroyed by devout members of the Greek Church, because Godfrey and Baldwin were Latin princes, and had been reared in a Christian faith whose creed differed in some unimportant respects from theirs.
Nor did the doctor forget an awning to shelter the car, nor the coverings and blankets that were to be the bedding of the journey, nor some fowling pieces and rifles, with their requisite supply of powder and ball.
I really thought that I was safe this time, for could I not see the drawers with their brass handles, the charming shelf for books, the pigeon-holes with their coverings of silk?
They did not know that this awful chamber lay just before them, or it were doubtful that they would have proceeded farther; but they saw that those they sought had come this way and so they followed, but within the gloomy interior of the chamber they halted, the three chiefs urging their followers, in low whispers, to close in behind them, and there just within the entrance they stood until, their eyes becoming accustomed to the dim light, one of them pointed suddenly to the thing lying upon the floor with one foot tangled in the coverings of the dais.
Granet hurried to the back of the car, ripping open the coverings.
A rat leaped from beneath the coverings and scurried away.
Now, in the ordinary course of things, and according to all authentic descriptions of high life, as set forth in books, Mrs Wititterly ought to have been in her BOUDOIR; but whether it was that Mr Wititterly was at that moment shaving himself in the BOUDOIR or what not, certain it is that Mrs Wititterly gave audience in the drawing-room, where was everything proper and necessary, including curtains and furniture coverings of a roseate hue, to shed a delicate bloom on Mrs Wititterly's complexion, and a little dog to snap at strangers' legs for Mrs Wititterly's amusement, and the afore-mentioned page, to hand chocolate for Mrs Wititterly's refreshment.
With respect to this latter case of correlation, I think it can hardly be accidental, that if we pick out the two orders of mammalia which are most abnormal in their dermal coverings, viz.
The huskies had chewed through the sled lashings and canvas coverings.