Convertible Currency
Convertible Currency definition :
This refers to any currency which does not need authorization from a central bank in order to be freely traded against other currencies in the Forex market.
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Convertible Currency
Definition of Currency Convertibility
A currency is convertible if people can change a currency to a foreign currency, without having to ask permission.
convertible currency
currency that can be readily exchanged for other currencies.
Dictionary of Business Terms ...
Convertible Currency
A currency which can be exchanged freely for other currencies at market rates, or gold.
Convertible Issue (Bond) ...
Convertible currency
A currency that can be bought and sold for other currencies at will.
Convertibles ...
Convertible currency - Any national currency that can be easily exchanged for that of another country.
Cook the books - To falsify is misrepresent accounting information.
Semi-convertible currency:
A currency which may be bought or sold only through the Central Bank and at specific fixed exchange rate.
Français: Monnaie-semi convertible
Español: Divisa parcialmente convertible ...
A freely convertible currency that is not expected to depreciate in value in the foreseeable future.
Hard dollars
Actual separate payments made by a customer for services, including research, provided by a brokerage firm.
Hard currency A freely convertible currency that is not expected to depreciate in value in the foreseeable future. Hard dollars Used in the context of general equities.
convertible currency proceeds from exports) are accumulated. These revenues are set aside for subsequent acquisition of goods and services from a foreign supplier.
Debt - external: $11.2 billion (convertible currency, 1998); another $20 billion owed to Russia (1998)
Currency: 1 Cuban peso (Cu$) = 100 centavos ...
Donors to the International Development Association (IDA) who pay their contributions in freely convertible currency.
More glossary definitions...
Articles: 2924 ...
The payment is normally receivable in any major convertible currency.
A letter of credit or a guarantee is made by a bank, usually in the importer's country.
The contract can be for either goods or for services.
convertible currency A type of currency that can be quickly and easily bought and sold for other currencies. convertible debenture A type of debenture that can be converted into stock at the option of the holder...
 See also: Banks, Funding, Capital budgeting, Capital budget, Bank loan
  
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