A type of foreign exchange transaction whereby a contract is made to exchange one currency for another at a fixed date in the future at a specified exchange rate. By buying or selling forward exchange, business protect themselves against a decrease in the value of a currency they plan to sell at a future date.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosf.htm
a foreign bill purchased at a stipulated price and payable at a future date.
Found on
https://www.infoplease.com/dictionary/forward-exchange
No exact match found.
