Business / Taxes / Foreign Exchange (FOREX): Any type of financial instrument that is used to make payments between countries is considered foreign exchange. The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange. Large-scale currency trading, with minimums of $1 million, is also considered foreign exchange and can be handled as spot price transactions, forward contract transactions, or swap contracts. Spot transactions close at the market price within two days, and the others are set to close at an agreed-upon price and an agreed-upon date in the future.
Exchange Verb Synonyms: market, stock market, Stock Exchange, securities exchange, the Market, the Board, the Big Board, the Exchange, the Bourse, Wall Street, the Street
Exchange Adjective Synonyms: trade, barter, switch, change, interchange, reciprocate, return, swap or swop
Foreign Adjective Synonyms: alien, imported, non-native, overseas, distant, tramontane, transalpine, transatlantic, transpacific
Business / Finance / London Stock Exchange (LSE): The U.K.'s six regional exchanges joined together in 1973 to form the stock exchange of Great Britain and Ireland, later named the LSE. The FTSE 100 index (known as the footsie) is its dominant index. MORE
Business / Finance / Madrid Stock Exchange (Bolsa De Madrid): The largest of Spain's four stock exchanges. MORE