Examlex
Certain high-technology components may not be exported to nations on the Export Controls List.The export broker for a manufacturer of such components could be held liable for any loss to the manufacturer as a result of
-Incorrectly classifying prohibited components on the export approval applications.
Put Option
A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.
Fair Hedge
A financial strategy used to reduce risk by taking offsetting positions in a security and its derivative, ensuring gains in one offset losses in the other.
British Pounds
The currency of the United Kingdom, also known as GBP (Great British Pound).
Foreign Exchange Gain
A profit derived from the change in exchange rates when converting from one currency to another.
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