A(n)_________________________ Is an Agreement Between Two Parties Where They Agree

question 105

Short Answer

A(n)_________________________ is an agreement between two parties where they agree to exchange,based on a predetermined agreement,amounts in different currencies.It is designed to reduce exchange rate risks.

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Definitions:

Conversion

The unauthorized act of taking or using someone else's property and treating it as one's own, depriving the rightful owner of it.

Personal Property

Items that are movable and not fixed to one location, including tangible goods like furniture, vehicles, and intangible rights.

Trade Secrets

Trade secrets consist of practices, designs, formulas, processes, or information that are not generally known and that provide a business with an economic advantage over competitors.

Trespass

an unlawful act of entering someone's property without permission or exceeding the scope of permission granted.