The Jargon Buster Directory is your central resource for locating an explanation to typical terms found for within all industries , professions and governments. Use our directory to locate and decipher jargon that you would like an explanation for. Keeping our directory up to date and to include all the spheres where jargon is used is a never ending task for us. We have started with what we can locate but but it is a vast subject and can be very niche specific. Are you in a profession or industry that uses jargon that is NOT included here? Then why not send us your own jargon buster text and we will include it within our database. to say thank you we will provide you with a return link back to your web site.
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Jargon Buster
Finance - CurrencyCurrency jargon is used all the time by foreign exchange agencies and dealers whose main object is to exploit margins for their own gains when transferring or changing money for people. Banks are a master at maximising the profit contained within the buy and sell price of a particular currency. Many people call them rip off agents and this currency jargon buster will regretfully not help you to minimise this fact. This currency jargon directory will merely assist you in understanding some of the more commonly used terms.
Currency Jargon."BEAR MARKET" A MARKET WITH A DOWNWARD TREND INDICATING LOWER PRICES "BULL MARKET" MEANS A MARKET WHERE THE PRICE IS MOVING HIGHER EMS EUROPEAN MONETARY SYSTEM EMU EUROPEAN MONETARY UNION "EXCHANGE RATE" MEANS HOW MUCH OF A FOREIGN CURRENCY YOU WILL GET FOR 1 UNIT OF YOUR OWN CURRENCY FOREX OR FX THESE TERMS ARE USED AS AN ABBREVIATION OF FOREIGN EXCHANGE "FORWARD RATE" THIS IS THE RATE WHICH IS FIXED ON THE DAY FOR A SPECIFIC DATE IN THE FUTURE "INTERBANK RATE" THIS IS THE TERM FOR THE RATES TRADED EXSCLUSIVELY BETWEEN INTERNATIONAL BANKS AROUND THE WORLD AND IS NOT AVAILABLE TO THE PUBLIC DOMAIN "MARGIN" THE DEPOSIT REQUIRED TO TRADE A FORWARD TRANSACTION "MATURITY" THE DATE OF SETTLEMENT AND EXCHANGE OF FUNDS "SPOT RATE" WHEN A DEAL IS TRANSACTED ON THE DAY FOR SETTLEMENT IN 2 WORKING DAYS "SETTLEMENT" ACTUAL EXCHANGE OF FUNDS ON THE DAY OF MATURITY "VALUE DATE" THE DATE OF SETTLEMENT FOR EITHER A SPOT OR FORWARD CONTRACT
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