Examlex
Which of the following are key documents in purchasing?
Foreign Exchange Gain
A profit arising from the increase in value of one currency against another in which a company holds assets or liabilities.
Non-Interest-Bearing Note
A financial instrument that does not accrue interest over its life, promising to pay the principal amount at maturity.
U.S. Dollar Equivalent
The value of a foreign currency expressed in terms of the amount of U.S. dollars it can be exchanged for.
Put Option
A financial derivative that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time frame.
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