Examlex
___________________ refer to reductions in the selling price of merchandise sold to customers, often involving damaged or defective merchandise that a customer is willing to purchase with a decrease in the selling price.
Spot Rates
The current market price at which a particular asset can be bought or sold for immediate delivery and payment.
Fair Value Hedge
A type of hedge that protects against changes in the fair value of an asset, liability, or an unrecognized firm commitment, often due to changes in interest rates or other market variables.
Forward Contract
A financial derivative that represents a customized agreement to buy or sell an asset at a predetermined future date and price.
Spot Rate
The current market price for exchanging one currency for another for immediate delivery.
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