Examlex
What is the U.N. Secretary General's Mechanism?
Spot Market
An open financial market where commodities or financial instruments are exchanged and delivered right away.
Discount
To calculate the present value of some future amount.
Future
A standardized legal contract to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
Forward Market
A marketplace for financial contracts that are agreed upon now but settled at a future date.
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