Related Words

Artificial Currency: A currency substitute, e.g., special drawing rights (SDRs).

Foreign Currency Futures Contract: Agreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date.

Foreign Currency Forward Contract: Money of another country from one's own.

Foreign Currency Option: Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlyin . . . View Full Definition

Foreign Currency Translation: An option that conveys the right (but not the obligation) to buy or sell a specified amount of foreign currency at a specified price within a specified time period.

Functional Currency: Money that can be used to invest in risky investments with high potential return.

Foreign Currency: NYSE members who trade in foreign bonds on the floor.

Eurocurrency Market: A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., U.S. dollars deposited in a London bank).

Dual-Currency Issues: The custom of a trader on the commodities market to deal for its own account and the investor's account at the same time.

Currency Trading: The global currency market, where roughly $1.9 trillion a day changes hands, is by far the largest financial market in the world. Banks, other financial institutions, and multinational corpo . . . View Full Definition