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addition... hedge
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additional hedge
ad·di·tion·al hedge
(
plural
ad·di·tion·al hedg·es
)
noun
Definition:
safeguard against opt-out by mortgage borrower:
a way that a lender can protect against the risk that a prospective borrower will reject a mortgage quote during an agreed period
Encarta® World English Dictionary [North American Edition] © & (P)2007 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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