DOCUMENT RECONCILIATION Definition

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DOCUMENT RECONCILIATION is the synchronization of formalized documents to approved or changed requirements or specifications.

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OPERATING EXPOSURE, in foreign exchange, is currency fluctuations combined with price level changes that can alter the amounts and riskiness of a firm's future revenues and costs. It is typified by evaluating real exchange gains or losses. It is prospective and long-term in nature.

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

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