What is the definition of Forward cover? | Dictionary.net

FORWARD COVER

\fˈɔːwəd kˈʌvə], \fˈɔːwəd kˈʌvə], \f_ˈɔː_w_ə_d k_ˈʌ_v_ə]\

Definitions of FORWARD COVER

1910 - Black's Law Dictionary (2nd edition)

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A hedge against fluctuating adverse exchange rates. Currency sale or purchase at a fixed price on a fixed future date. The purchase is arranged or bought as a contract or option.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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