What does cash cover mean?

cash cover meaning in Law Dictionary

Derivatives position, such as for instance a written alternative contract, where the choice journalist satisfies their particular margin obligations with cash.

cash cover meaning in Business Dictionary

In a documentary credit exchange (particularly a letter of credit) amount deposited by the debtor or debtor (like the applicant for a letter of credit) using the lender or creditor (for instance the page of credit issuing bank).