Enclosed or bounded with a hedge or barrier

Cercado o delimitado con un seto o barrera

Avoided committing; spoke cautiously or with qualifications

Evitó comprometerse; habló con cautela o matices

Reduced financial risk by offsetting exposure

• Used hedging instruments to balance potential losses

Redujo el riesgo financiero con posiciones de cobertura

• Usó instrumentos para compensar posibles pérdidas

Protected against market or currency risk through hedging

Protegido contra riesgos de mercado o de divisa mediante cobertura

Cautiously qualified; not fully definite or unconditional

Matizado y cauto; no plenamente definitivo ni incondicional

Surrounded or hemmed in, literally or figuratively

Rodeado o constreñido, literal o figuradamente