A type of insurance policy under which the insured receives a certain percent of the death benefit (usually 25%) on…

An option that gives the holder the right to buy or sell a currency swap at a specified exchange rate…

It was October 29, 1929, the day the New York Stock Exchange crashed as stocks lost 13% of their value.…

Though LIBOR rate is the most commonly used floating rate in fixed-for-floating interest rate swaps, other rates also are occasionally…

In contract law, it is an agreement to an offer. Both offer and acceptance are essential for contract formation. For…

The interim interval in a swap or other periodic reset agreement when a pre-defined set of terms is applicable. For…

A debt reduction method whereby an individual who owes more than one debt pays off first the smallest one, then…

The interest rate at which a forward rate agreement (FRA) is traded. In other words, it is the agreed rate...

A situation that arises when US dollar’s value is depreciating relative to a specific foreign currency or a basket of…

An Arabic term (بيع بالثمن الآجل) that translates as “sale with deferred payment” or “sale on credit”. Technically, it refers...