CURRENCY SWAP Definition

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CURRENCY SWAP is an exchange of two currencies accord­ing to an agreement to re-exchange the currencies at the same rate at a specified future date. During the term of the agreement, exchanges of interest payments denomi­nated in the respective currencies also may occur.

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LAND, in terms of accounting, is the value of real estate less the value of improvements, e.g. buildings.

BAHT is the currency of Thailand.

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