Tooltip Categories: Economics & Finance

foreign exchange market [FOREX]

The market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies,

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foreign exchange risk

A financial risk posed by an exposure to unanticipated changes in the exchange rate between two currencies. (source: http://en.wikipedia.org/wiki/Foreign_exchange_risk)

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flextime

Non-traditional work scheduling practice which allows full-time employees to choose their individual starting and quitting times within certain limits. (Read more: http://www.businessdictionary.com/definition/flextime.html#ixzz2TpfWMD00)

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floating exchange rate

A type of exchange rate regime wherein a currency’s value is allowed to fluctuate according to the foreign exchange market. (source: http://en.wikipedia.org/wiki/Floating_exchange_rate)

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foreclosure

The legal process by which an owner’s right to a property is terminated, usually due to default. Typically involves a forced sale of the property

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forced heirship

Forced heirship rules restrict the ability of a testator to decide how his assets should be distributed after his death. The exact rules differ from

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foreign currency

The currency (i.e. money) of another country. A foreign currency account is a bank account in the currency of another country (Read more: http://www.businessdictionary.com/definition/foreign-currency.html#ixzz2KaR6ovUb)

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fixed income securities

An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. (source: http://www.investopedia.com/terms/f/fixed-incomesecurity.asp)

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