Earning the Points

(redirected from Earned 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.
References in periodicals archive ?
Darren Parkes scored a fine freekick for Pont in the first period but second-half counters from Andy Mogwo and Tom Clark earned the points for Jesmond.
She said the selected swimmers earned the points in their respective events which are as under,Lianna Swan, 50 M Breaststroke 479, 50 M Freestyle,567, Total Points Earned, 1046.
But Logan, on loan from Manchester United, saved the Spireites with his first goal in senior football after Tranmere manager Brian Little's half-time tactical switch looked to have earned the points for his team.
A first-minute own goal plus efforts by Dominie Shinks and Paul Prescott earned the points.