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unhedged

From Wiktionary, the free dictionary

English

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Etymology 1

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From un- +‎ hedged.

Adjective

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unhedged (not comparable)

  1. Without a hedge.
    • 1890, Rudyard Kipling, The Mark of the Beast:
      After splashing mile after mile along straight, unhedged roads, between stretches of sodden heather []
    • 1951, Josephine Tey, The Daughter of Time, page 38:
      An Engliand still unhedged, with great forests alive with game, and wide marshes thick with wild-fowl.
  2. (finance) Not hedged; not offset or counterbalanced.
    • 2007 August 26, Ben Stein, “Avoid the Craziness and No One Gets Hurt”, in New York Times[1]:
      A hedge fund is supposed to hedge against market movements by unhedged instruments.

Etymology 2

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Verb

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unhedged

  1. simple past and past participle of unhedge