CONVERTIBLE CURRENCY Definition

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CONVERTIBLE CURRENCY is any national currency that can be easily exchanged for that of another country.

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FOOTNOTE is text that appears at the bottom of a page that adds explanation. In finance, it is often used in financial statements to provide explanatory addendums or disclosures as to the detail of various entries in the financial statements, e.g. debt, deferments, and off balance sheet items.

HEDGE, in securities, is a transaction that reduces the risk of an investment.

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