Definition and Citations:
The FORWARD RATE used as a reference in a FORWARD RATE AGREEMENT or an INTEREST RATE FORWARD contract; it can be considered the interest rate for a certain period of time applicable to a certain future starting point.
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The FORWARD RATE used as a reference in a FORWARD RATE AGREEMENT or an INTEREST RATE FORWARD contract; it can be considered the interest rate for a certain period of time applicable to a certain future starting point.