Examlex
An important feature of the '40 Act exempts any company that qualifies as a "regulated investment company" (RIC) from taxation on its gains, either from income or capital appreciation, as previously indicated. How does a fund qualify as a RIC?
Forward Exchange Rate
The price set today for a currency exchange that will occur at a future date.
Spot Exchange Rate
The current exchange rate at which a currency can be bought or sold for immediate delivery.
Forward Exchange Rate
An agreed-upon exchange rate for a currency transaction that will occur at a future date, used for hedging or speculation in foreign exchange markets.
Future Rate
The anticipated interest rate or currency exchange rate applicable to financial transactions that will occur in the future.
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