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Trading Terms

Forward contract -fixed term

Welcome to our lesson on financial contracts! Today, we will be discussing a term that is commonly used in the world of finance - forward contracts. These contracts are a way to anticipate the future delivery of a foreign currency at a fixed date. The agreed contract rate is applied if delivery is made on the fixed date, but it can also be adjusted at any time during the contract term if delivery is made earlier. This adjustment is based on the forward margins that are currently applicable.

LISP

Artificial intelligence applications heavily rely on a programming language that is grounded in predicate logic. This language, known as Prolog, is widely used in the field o...

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Deductive Logic

Expert systems rely on deductive reasoning, a logical approach that moves from a general principle to a specific conclusion. This method involves using known facts to reach ...

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Instrument

A binding and official written contract, such as a bill of exchange, is a crucial element in the world of finance. This document serves as a legal proof of a financial trans...

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Reconciliation

As a part of financial management, it is crucial to understand the concept of reconciliation in the context of international transactions. Simply put, it involves comparing ...

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