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forward pass
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Also available:
World English Dictionary
Dictionnaire Français
forward cover
for·ward cov·er
noun
Definition:
advance dealing in foreign currency:
the use of the forward market for foreign exchange in order to reduce or eliminate the foreign exchange rate risk associated with a business transaction
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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