From Longman Dictionary of Contemporary Englishhedge against something phrasal verbPROTECTto try to protect yourself against possible problems, especially financial loss Smart managers will hedge against price increases. → hedge→ See Verb tableFrom Longman Business Dictionaryhedge against something phrasal verb [transitive]FINANCE if you hedge against, or hedge yourself against, a financial risk, you protect yourself against it by hedgingConsumers of a raw material can hedge against price movements through the futures markets.Many companies have not hedged themselves against a rising yen.Although invested in Europe, they weren’t sufficiently hedged against currency changes. → hedge→ See Verb table