Asian Currency Units (ACU)

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

Foreign Currency Translation

Business / Finance / 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. MORE

Foreign Currency Option

Business / Finance / 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 underlying currenci MORE

Functional Currency

Business / Accounting / Functional Currency: The currency in which a subsidiary conducts most of its business: generally, but not always, the currency of the country where it does most of its spending and earning. MORE

Hard Currency

Business / Finance / Hard Currency: A capital budget that under no circumstances can be violated. MORE

Moscow Interbank Currency Exchange (MICEX)

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

Foreign Currency Futures Contract

Business / Finance / 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. MORE

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