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If an MNC is extremely risk-averse, it may decide to hedge even though its hedging analysis indicates that remaining unhedged will probably be less costly than hedging.
Indorse
To sign the back of a financial instrument, thus transferring ownership or to endorse it.
Obligation
An obligation, either ethical or legal, to carry out or avoid a particular action.
Order Of
Pertains to the sequence or arrangement of things following a particular pattern or rule.
HDC Status
Status as a Holder in Due Course, which refers to a holder of a negotiable instrument who took it for value, in good faith, and without notice of any defect or claim.
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