What is the meaning of Covering?

Using forward currency contracts to predetermine the domestic currency amount of an expected future foreign receipt or payment. Also, the buying back ('Covering') of a short position.

Barry Goldsmith
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APABarry Goldsmith. (2010). covering. Retrieved September 20, 2026, from http://smartdefine.org/covering/definitions/1151034
ChicagoBarry Goldsmith. 2010. "covering" http://smartdefine.org/covering/definitions/1151034 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, covering, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/covering/definitions/1151034>.
MLABarry Goldsmith. "covering" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/covering/definitions/1151034>
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