Examlex
Children are most likely to learn new words when they participate in activities that force them to understand the meanings of new words and use those new words.
Variable Rate
An interest rate that can change, in contrast to a fixed interest rate, and is often associated with loans or savings accounts.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.
Forward Contract
A bespoke contract between two parties for the future exchange of an asset, set at a price determined today, to occur at a specific later date.
Spot Market Price
The current market price at which a particular asset, such as a commodity, currency, or security, can be bought or sold for immediate delivery.
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