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How can a firm minimize its foreign exchange exposure?
Accommodation Party
A person or entity that signs a negotiable instrument on behalf of another party to provide financial backing without direct benefit.
Direct Beneficiary
An individual or entity that is explicitly intended by the parties involved to benefit from a contract or agreement.
Credit Instrument
A document that evidences a debt and the promise of repayment, such as bonds, notes, or mortgages.
Transferor's Warranties
Guarantees made by a seller (transferor) to a buyer about the condition, legality, and ownership status of the goods or property being sold.
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