Rio hedge
n. When a money-losing bond trader makes one final trade to recoup his losses, but hedges his bet by purchasing a one-way ticket to Rio de Janeiro or some other far-off locale.

Example Citation:
"During the past few months, Steve Duthie secretly took out a Rio hedge at Phoenix Hedge Fund Corp.

Mr. Duthie's bet went awry, and he is nowhere to be found."
—Andrew Willis, "How a bad bet sent Phoenix falling," The Globe and Mail, January 7, 2000

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