Examlex
An arroyo is a deep,steep-sided gully that is cut into alluvium.
Spot Exchange Rate
The current exchange rate at which one currency can be exchanged for another.
Forward Exchange Rate
An agreed-upon exchange rate for currencies to be exchanged at a future date, used in hedging and trading strategies.
Premium
An amount paid for an insurance policy or the amount by which the price of a bond exceeds its face value.
Foreign Exchange Market
A global marketplace for exchanging national currencies against each other.
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