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hedge fund

A fund that aims to make money in both rising and falling markets by using strategies such as options and futures contracts to minimise any losses.

honeymoon or introductory interest rate

An interest rate offered for a short time at the start of a loan, credit card or savings account. For a loan it is a lower interest rate that will eventually revert back to a standard rate. For savings accounts it is a higher rate that will revert back to a standard deposit interest rate after the honeymoon period.

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