forward cover noun [U,C]

(Finance )

a right to buy or sell an amount of currency for a fixed price at a particular time in the future. Businesses buy forward cover to protect against changes in the value of currencies they will need in the future:

We obtain forward cover on all export orders.

• agenda
• agent
• agent bank
• impeach
• impecunious
• imperfect
• imperfect competition
• imperfection
• imperfect market
• implement
• implied
• implode
• import
• import duty
• importer
• import-export
• import surcharge
• impose
• impound
• impression
• imprest
• imprint
• improper
• impropriety
• improve