Examlex
Which of the following are key master data elements in warehouse management?
Forward Contract
A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date.
Monetary Liability
An obligation of a company or individual to pay a sum of money in the future, typically involving interest.
Hedge
A financial strategy implemented to reduce the risk of adverse price movements in an asset, typically through derivative contracts.
Premium
The amount paid for a product or service beyond its basic cost, often relating to insurance policies, bonds, or options contracts.
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