Examlex
One out of 800 babies are born with an extra chromosome at pair 21, which results in the child having a moderate to severe intellectual disability and a shortened life expectancy of around 49 years. This condition is known as
Foreign Currency Risk
The possibility of losing value due to changes in the exchange rate between two currencies.
Fair-value Hedge
A strategy used in accounting to mitigate the risk of changes in the fair value of an asset, liability, or firm commitment through derivative contracts.
Cash-flow Hedge
A hedge of the exposure to variability in cash flows that is attributable to a particular risk associated with an asset or liability or a forecasted transaction.
Purchase Order
An official document issued by a buyer committing to pay the seller for the sale of specific products or services.
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