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Packing List Par Par Value Parcel Post Receipt Parcel Receipt Shipment Parity Payee Payment Date Perils Of The Sea Phytosanitary Certificate Pickle Lease Pip Point Port Of Discharge Port Of Entry Port Of Loading Position Power Of Attorney Pre-Authorized Payments Premium Prenotifications Present Value Presentation Time Price Per Share Pro-Forma Invoice Promissory Note Protest Purchase Contract Purchase Option Put Put Option

Position A situation in which a trader has an uncovered exchange risk. When he has covered his risk, he is said to have "squared-off" his position.

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