forward cover Meaning in the Cambridge English Dictionary
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Meaning of “forward cover” in the English Dictionary

"forward cover" in Business English

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forward covernoun [U]

uk   us   FINANCE
an ​arrangement to ​buy something at a future ​date at a ​fixedprice as a way of ​protecting yourself against an ​increase in its ​price: Oil ​prices continue to ​rise and the ​company has no ​forwardcover for next ​year.
(Definition of forward cover from the Cambridge Business English Dictionary © Cambridge University Press)
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