8 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
abstract of title
Economy; Forex
A transaction record for a piece of land, recording transfers and claims that.
abusive tax shelter
Economy; Forex
An abusive tax shelter refers to illegally reducing one’s tax obligations.
accelerated benefits
Economy; Forex
Accelerated Benefits are an insurance option where policy holders may access benefits before an insurance policy is due.
acceleration clause
Economy; Forex
A provision contained within a loan or credit agreement which allows the lender to call the entire remaining balance
accidental death benefit
Economy; Forex
The value paid to the beneficiary of a life insurance policy.
accommodation paper
Economy; Forex
A bill or note endorsed by one party (the accommodation party) on behalf of another party.
accountant
Economy; Forex
Any trained and qualified person with the requisite skills and knowledge to perform accounting services (aka tax returns, keep/audit/inspect financial records).
