Examlex
After many years of controversy the railroad debt to the federal government was never repaid.
Forward Rate
The expected interest rate agreed upon in a forward contract, applicable to a financial transaction that will occur in the future.
Spot Rate
The current market price at which a particular asset can be bought or sold for immediate delivery.
Japanese Yen
Japan's designated legal tender, marked by the symbol ¥, and a highly traded currency in the international forex market.
Risk-Free Rate
The assumed yield an investment would generate if it carried no risk, often indicated through government bond yields.
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