A transaction that involves the exchange of two currencies. TRADING in foreign exchange is extremely active, with institutions regularly using SPOT and DERIVATIVE contracts to HEDGE, ARBITRAGE, or SPECULATE. See also RATE.
A transaction that involves the exchange of two currencies. TRADING in foreign exchange is extremely active, with institutions regularly using SPOT and DERIVATIVE contracts to HEDGE, ARBITRAGE, or SPECULATE. See also RATE.
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.