Examlex
In decimal nine thousand four hundred eighty-one ten thousandths is .09481.
Discount
The reduction in the nominal value of something or the process of determining the present value of future cash flows.
Direct Quote
In foreign exchange, a price quote that specifies the domestic currency price of one unit of foreign currency.
Indirect Quote
A currency quotation in the foreign exchange markets that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.
Forward Rate
The agreed-upon price for a financial transaction that will occur at a future date, as in currency or interest rate swaps.
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