A cash flow hedge is a hedge of the exposure to the variability of cash flow that is attributable to a particular risk associated with a recognized asset or liability. Such as all or some future interest payments on variable rate debt or a highly probable forecast transaction and could affect profit or loss (IAS 39, §86b) This is mostly an accountant's definition. See also Hedge accounting Accumulated other comprehensive income Statement of changes in equity Financial risk Cash flow Derivatives (finance)