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What Is the Definition of the Following Term

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What is the definition of the following term:
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Definitions:

Spot Rates

The present cost at which a specific asset is available for purchase or sale with immediate delivery.

Selling Price

The amount of money for which an item is sold to a buyer.

Hedge Transaction

A financial agreement or trade designed to reduce or eliminate the risk of future price fluctuations.

Forward Rate

A future exchange rate negotiated today, locking in the price at which a currency transaction will occur at a specified future date.

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