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Guthrie, Hull, and Tolman agreed:
Forward Rates
The predetermined interest rates or currency exchange rates agreed upon for transactions that will be executed at a future date.
Spot Rate
The existing market cost at which a certain asset is offered for buy or sell, ensuring immediate delivery.
Absolute Purchasing Power Parity
An economic theory that states the price of a good in one country should equal the price of the same good in another country when exchanged at the current exchange rate.
Halifax
A city in the Canadian province of Nova Scotia, often not directly related to financial terms unless specifying a financial institution or geographic economic analysis.
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