Synonym: border, borderline, boundary, dodge, duck, limit, sidestep. Similar words: edge, pledge, ledger, pledged, knowledge, acknowledge, general ledger, acknowledgement. Meaning: [hedʒ] 
n. 1. a fence formed by a row of closely planted shrubs or bushes 2. any technique designed to reduce or eliminate financial risk; for example, taking two positions that will offset each other if prices change 3. an intentionally noncommittal or ambiguous statement. v. 1. avoid or try to avoid fulfilling, answering, or performing (duties, questions, or issues) 2. hinder or restrict with or as if with a hedge 3. enclose or bound in with or as it with a hedge or hedges 4. minimize loss or risk.
n. 1. a fence formed by a row of closely planted shrubs or bushes 2. any technique designed to reduce or eliminate financial risk; for example, taking two positions that will offset each other if prices change 3. an intentionally noncommittal or ambiguous statement. v. 1. avoid or try to avoid fulfilling, answering, or performing (duties, questions, or issues) 2. hinder or restrict with or as if with a hedge 3. enclose or bound in with or as it with a hedge or hedges 4. minimize loss or risk. 
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271 To hedge against the widening of the spread, the company could purchase a put option with a strike at the current level of spread.