1. A forward contract that has not been cashed in by an offsetting contract or through the delivery of the asset that is covered. 2. A situation in which a trader could lose money because shares have devalued before a transaction is complete.
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1. A forward contract that has not been cashed in by an offsetting contract or through the delivery of the asset that is covered. 2. A situation in which a trader could lose money because shares have devalued before a transaction is complete.
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