21 Terms
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Forex
Foreign Exchange The simultaneous buying of one currency and selling of another in an over-the-counter market. Most major FX is quoted against the US Dollar.
Industry: Economy
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Forex
active money
Economy; Forex
Money and coins that are circulated in the hands of consumers and businesses.
adjustment bureau
Economy; Forex
A company providing claims adjustment services to insurance companies without an internal claims department.
ability to pay
Economy; Forex
Generally, ability to pay refers to one’s ability to meet existing or future liabilities.
absolute priority rule
Economy; Forex
The absolute priority rule specifies the peeking order of creditors during bankruptcy proceedings.
absorption rate
Economy; Forex
Absorption Rate refers to the ability at which properties are able to be sold.
