Future Loan

Forward-Rate Agreement (FRA)
A forward-rate agreement (FRA) is a contractual agreement between two parties that determines the rate of interest to be paid/ranked on a future loan or deposit. This financial instrument allows parties to lock in interest rates for future transactions, providing a hedge against interest rate fluctuations.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.