Forward cover

Purchase or sale of forward foreign currency in order to offset a known future cash flow. The New York Times Financial Glossary

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forward cover UK US noun [U] FINANCE
an arrangement to buy something at a future date at a fixed price as a way of protecting yourself against an increase in its price: »

Oil prices continue to rise and the company has no forward cover for next year.


Financial and business terms. 2012.

Look at other dictionaries:

  • forward cover — The purchase in the cash market of the difference between what you are obligated to deliver in a forward contract and the amount of the asset you own. For example, if you agreed to sell 100,000 bushels of corn in September in a forward contract,… …   Financial and business terms

  • forward cover — / fɔ:wəd ˌkʌvə/ noun an arrangement to cover the risks on a forward contract …   Dictionary of banking and finance

  • forward cover — Fin the purchase for cash of the quantity of a commodity needed to fulfill a futures contract …   The ultimate business dictionary

  • Cover — The purchase of a contract to offset a previously established short position. The New York Times Financial Glossary * * * ▪ I. cover cov‧er 1 [ˈkʌvə ǁ ər] noun [uncountable] 1. INSURANCE insurance against losing something or suffering damage,… …   Financial and business terms

  • cover — Used to indicate the repurchase of previously sold contracts as, he covered his short position. Short covering is synonymous with liquidating a short position or evening up a short position. The CENTER ONLINE Futures Glossary The amount above… …   Financial and business terms

  • Cover — The act of completing an offsetting transaction so as to eliminate a liability or obligation. It is generally used in the context of risk exposure, as when an investor decides to cover a short position in a stock to eliminate the risk of a short… …   Investment dictionary

  • Forward exchange market — The forward exchange market is a market for contracts that ensure the future delivery of a foreign currency at a specified exchange rate. The price of a forward contract is known as the forward rate.Forward RatesForward rates are usually… …   Wikipedia

  • Forward Pass (horse) — Thoroughbred racehorse infobox horsename = Forward Pass caption = sire = On And On grandsire = Nasrullah dam = Princess Turia damsire = Heliopolis sex = Stallion foaled = 1965 country = USA flagicon|USA colour = Bay breeder = Calumet Farm owner …   Wikipedia

  • Cover girl — For other uses, see Cover girl (disambiguation). An Australian magazine featuring a cover girl. A cover girl is a woman whose photograph features on the front cover of a magazine. She may be a model, celebrity or entertainer. The term would… …   Wikipedia

  • Cover letter — A cover letter, covering letter, motivation letter, motivational letter or a letter of motivation is a letter of introduction attached to, or accompanying another document such as a résumé or curriculum vitae.[1] Contents 1 For employment 1.1… …   Wikipedia

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