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cover definition - finance
  1. In the futures market, to offset a short futures or options position by buying back contracts.
  2. In corporate finance, to be able to meet fixed annual interest charges on bonds or other obligations out of funds generated from earnings.
  3. In insurance, the requirement that the expenses of an insured person be reimbursed.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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