Examlex
Select the term that is spelled correctly.
-Pertaining to the abdomen:
Exchange Gain
Exchange gain arises when a company holds foreign currency or transactions, and the exchange rate moves in its favor, increasing the value of the foreign currency held.
Loss
A decrease in net assets or wealth, often realized when expenses exceed revenues or when assets lose value and is reflected in the financial statements.
Forward Exchange Contract
A financial contract between parties to exchange currencies at a predetermined rate on a specified future date.
Contractual Obligation
A duty or commitment that is legally enforceable due to a contract agreement.
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