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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005