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单词 break-forward
释义 break-forward

= Boston option

A contract on the money market that combines the features of a forward-exchange contract and a currency option. The forward contract can be undone at a previously agreed rate of exchange, enabling the consumer to be free if the market moves favourably. There is no premium on the option; the cost is built into the fixed rate of exchange.

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更新时间:2025/1/22 18:56:23