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Short Hedges
Occur when futures contracts are sold to guard against price declines.
T-bills
Treasury bills, short-term debt obligations issued by the government with a maturity of less than a year, considered risk-free.
Option
A financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a set price within a specific period.
Firm Completion
A commitment to finish a project or deliver a product by a specified date.
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