Related Words

Edge Numbers: Reference numbers printed by light at regular intervals along the edge of 35mm and roll films during manufacture.

Money Market Hedge: The use of borrowing and lending transactions in foreign currencies to lock in the home currency value of a foreign currency transaction.

Long Hedge: The purchase of a futures contract in anticipation of actual purchases in the cash market. Used by processors or exporters as protection against an advance in the cash price. Related: hedge, . . . View Full Definition

Local Knowledge: Awareness of a course's idiosyncratic playing characteristics from having played it many times

N-Numbers: Federal government aircraft registration numbers. U.S. registered aircraft numbers begin with “N” (example: N23299F).

Neutral Hedge: Hedge that is expected to yield a dollar-neutral result of the combined position, regardless of price change in any part of the hedge securities. For any convertible trading at a premium, th . . . View Full Definition

Optical Wedge: Is a strip of material, clear at one end and gradually increasing in opacity, which is used to determine the effect of light intensities on sensitized materials.

Nominal Ledger: A ledger which holds all the nominal accounts of a business. Where the business uses a subsidiary ledger like the sales ledger to hold customer details, the nominal ledger will usually inclu . . . View Full Definition

Lob Wedge: A very lofted wedge, usually 59 or 60 degrees (more sometimes), designed for playing high, soft shots from short distances

Negative Pledge Clause: A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.