unhedged

English

Etymology 1

un- +‎ hedged

Adjective

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

Verb

unhedged

1. simple past and past participle of unhedge