Indirect quote

INDIRECT QUOTE - For foreign exchange, the number of units of a foreign currency needed to buy one US d...
INDIRECT SHAREHOLDING - when one entity directly holds shares of another entity that owns shares of a t...

Indirect quote:
A foreign exchange quote expressed in terms of the number of units of foreign currency for one unit of domestic currency. Also known as European terms. Compare with Direct quote.

Indirect Quote
In foreign exchange pricing, the reciprocal of the direct quote (i.e. the price of domestic currency, expressed as the number of units of foreign currency that must be given up to acquire one unit of domestic currency).
Informed Run ...

Indirect Quote
A foreign exchange rate quoted as the foreign currency per unit of the domestic currency. In an indirect quote, the foreign currency is a variable amount and the domestic currency is fixed at one unit.

For example, in the United States an indirect quote for the euro could be 0.705 euros = $1.00. In the euro zone an indirect quote for the dollar could be $1.416 = 1 euro.

Indirect Quote
Indirect Tax
Indirect terms
Individual Development Account - IDA
Individual Retirement Account
Individual Retirement Account (IRA) rollover
Individual Retirement Account - IRA
Individual tax return
Inductive reasoning ...

In an indirect quote, the quote currency is the domestic currency. Also known as the "secondary currency" or "counter currency".

Reporting in the statement of cash flow that adjusts or reconciles net income to cash from operations.
Indirect quote
For foreign exchange, the number of units of a foreign currency needed to buy one US dollar.
Indirect terms ...

See also: Direct quote, Expense, Bills, Values, Banks