Related Words

Asian Currency Units (ACU): Dollar deposits held in Singapore or other Asian centers.

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.

Hard Currency: A capital budget that under no circumstances can be violated.

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

Moscow Interbank Currency Exchange (MICEX): Established in 1992, the most liquid and best organized financial exchange in Russia.

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

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).

European Currency Unit (ECU): Bank created to monitor the monetary policy of the 11 countries that have converted to the Euro from their local currencies. The 11 countries are: Austria, Belgium, Finland, France, Germany, . . . View Full Definition

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