FRA
A forward rate agreement (FRA) is an agreement that a certain interest rate will apply to a certain principal amount for a certain time period in the future. |
Similar financial terms
Receivables balance fractionsThe percentage of a month's sales that remain uncollected (and part of accounts receivable) at the end of succeeding months.
Collection fractions
The percentage of a given month's sales collected during the month of sale and each month following the month of sale.
Franchise
The right to sell products or services under a corporate name or trade mark (established by someone else). This right is usually purchased for cash in addition to a royalty fee on, or a percentage of, all sales.
