Examlex
What is contraband, and how does it get into prisons?
Forward Trade
A financial contract agreement to buy or sell an asset at a future date at a predetermined price.
Currency Exchange
The process of converting one currency into another currency.
Spot Exchange Rate
The current price at which one currency can be exchanged for another for immediate delivery.
Spot Trade
A transaction that involves the immediate exchange of one currency or commodity for another, settling immediately or within a short period.
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