Examlex
An exchange rate is
Futures Contract
A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.
Forward Contract
A non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
Settlement Date
The date on which a trade or transaction must be finalized with the transfer of the asset and payment completed.
Risk Of Default
The possibility or likelihood that a borrower will not be able to meet debt obligations, leading to financial losses for the lender.
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