(FINANCE) using financial derivatives to guarantee against losses. Typically used by non-traders, such as companies engaged in international commerce, to protect themselves against foreign exchange risk (i.e., the possibility that a customer's currency will decline in value).
BILL: You know, I think that financial derivatives are just a huge sinkhole. The people who trade them are just a bunch of wankers who move bits of paper around but add nothing of value.
ANNA: Well, they do provide some important benefits.
BILL: Name one.
ANNA: Covering risk, for one. If you're an airline, you need those aviation fuel options.
ANNA: Well, they do provide some important benefits.
BILL: Name one.
ANNA: Covering risk, for one. If you're an airline, you need those aviation fuel options.
by Abu Yahya April 15, 2010
Get the covering risk mug.by Scottyyy July 20, 2006
Get the chowering mug.Related Words
Cover version - Wikipedia: "In popular music, a cover version or cover song, or simply cover, is a new performance or recording of a contemporary or previously recorded, commercially"
He's covering Ed Sheeran.
by DKD December 31, 2013
Get the covering mug.by Drhymen September 13, 2017
Get the Hair Covering The Eyes mug.When a 13 year old boy is using his mom's laptop to watch porn, but doesn't know how to use an Incognito Tab on google. So he looks up a to of random crap to cover up what he did on the search history.
by Montucky Man July 22, 2018
Get the Covering Up mug.When a guy puts his balls to another guys asshole and removes them repeatedly, kind of like a wrecking ball, but more like covering and uncovering a manhole.
Friend 1: Dude I swear those guys are covering the manhole when they are alone.
Friend 2: Ugh dude I can't get that image out of my mind...
Friend 2: Ugh dude I can't get that image out of my mind...
by thesunroom May 28, 2014
Get the Covering the Manhole mug.Castach is originated form an army term or more like it an initials of an army term called "Lechsot et Hatachat" which means covering your ass.
For example in many cases especially in voluntary armies a sergeant / commander doing things in order to say "I followed Procedure" that act is called "Castach" which is as mentioned "Covering Ass".
by hagzag September 8, 2005
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