Examlex
Subordinates may move from one developmental level to another within 24 hours.
Forward Contract
A financial derivative contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.
Exchange Rates
The rate at which one currency can be exchanged for another.
Spot Rate
The current market price used for immediate settlement of transactions involving a foreign currency.
Settlement Date
The date on which a trade is final, and the buyer must make payment and the seller deliver the asset.
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