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Sometimes, when the Moon is a thin crescent, you can still dimly make out the full disk of our satellite. What is the reason for this?
Interest
The cost of borrowing money, typically expressed as an annual percentage rate, or the income earned from lending funds or making an investment.
Fair Value Hedge
A hedge of the exposure to changes in fair value of a recognized asset or liability, or an unrecognized firm commitment, that is attributable to a particular risk.
Forward Contract
A financial contract obligating the buyer to purchase, and the seller to sell a specific asset at a predetermined future date and price.
Spot Rates
The current market price at which a particular security can be bought or sold for immediate delivery.
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