An agreement to purchase foreign exchange at a specified date in the future at an agreed exchange rate. In international trade, with floating rates of exchange, the forward-exchange market provides an important way of eliminating risk on future transactions that will require foreign exchange.

See:

financial futures, foreign-exchange market.

• Treasury bill rate
• Treasury bill tender
• Treasury bond
• Treasury Investors Growth Receipt
• Treasury stocks
• treaty
• Treaty of Rome
• Treuhandanstalt
• Treynor index
• Treynor's alpha
• trial balance
• trigger option
• trinomial tree
• triple witching hour
• true and fair view
• trust
• trust bank
• trust corporation
• trust deed
• trustee
• trustee in bankruptcy
• trustee investments
• trust fund
• trust letter
• trust receipt