forward cover Meaning in Cambridge Business English Dictionary
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Meaning of "forward cover" - Business English Dictionary

forward cover

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.
(Definition of forward cover from the Cambridge Business English Dictionary © Cambridge University Press)
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