1. not protected against financial risk or loss; not covered by a hedge investment
Usage: finance; investing
2. not surrounded or enclosed by a hedge
Usage: literal; gardening

Examples

• The company’s unhedged foreign currency exposure led to significant losses.
• Investors worried about the fund’s unhedged position in volatile markets.
• The unhedged field stretched endlessly toward the horizon.
• Their unhedged garden was vulnerable to wandering animals.
• The airline’s unhedged fuel costs hurt profits when oil prices rose.
• She preferred the unhedged meadow to the formal enclosed gardens.