forward exchange


noun

a foreign bill purchased at a stipulated price and payable at a future date.

Nearby words

  1. forum,
  2. forward,
  3. forward bias,
  4. forward delivery,
  5. forward echelon,
  6. forward heart failure,
  7. forward market,
  8. forward pass,
  9. forward quotation,
  10. forward roll

Origin of forward exchange

First recorded in 1925–30

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019