Source : Webster's Revised Unabridged Dictionary (1913)

Hedge \Hedge\, v. t. [imp. & p. p. {Hedged}; p. pr. & vb. n.
   {Hedging}.]
   1. To inclose or separate with a hedge; to fence with a
      thickly set line or thicket of shrubs or small trees; as,
      to hedge a field or garden.

   2. To obstruct, as a road, with a barrier; to hinder from
      progress or success; -- sometimes with up and out.

            I will hedge up thy way with thorns.  --Hos. ii. 6.

            Lollius Urbius . . . drew another wall . . . to
            hedge out incursions from the north.  --Milton.

   3. To surround for defense; to guard; to protect; to hem
      (in). ``England, hedged in with the main.'' --Shak.

   4. To surround so as to prevent escape.

            That is a law to hedge in the cuckoo. --Locke.

   {To hedge a bet}, to bet upon both sides; that is, after
      having bet on one side, to bet also on the other, thus
      guarding against loss.

Source : WordNet®

hedging
     n 1: any technique designed to reduce or eliminate financial
          risk; for example, taking two positions that will offset
          each other if prices change [syn: {hedge}]
     2: an intentionally noncommittal or ambiguous statement; "when
        you say `maybe' you are just hedging" [syn: {hedge}]