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Revision as of 13:22, 5 April 2014 by
imported>Doug Williamson
(Expand to include Carve-out. Source: The Treasurer, April 2014, p31.)
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An artificial currency based on a mixture of actual currencies.
In borrowings documentation, an exception to a financial covenant or other restriction. More commonly known as a carve-out.
See also
Foreign exchange
Covenant
Carve-out
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