Examlex
Legal writers should have at least twenty-five words in each sentence to explain concepts to the reader.
Forward Contract
A financial derivative that represents a contract between two parties to buy or sell an asset at a specified future date for a price that is agreed upon today.
Fair Value Hedge
A hedging strategy used to mitigate risk by matching the fair value of an asset or liability through a financial derivative.
Merchandise Inventory
Goods held by a business for the purpose of sale to customers in the ordinary course of business.
Forward Contract
A non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
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