CURRENCY SWAP Definition

Bookmark and Share

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.

Learn new Accounting Terms

COA, in accounting, means Chart Of Accounts or Cost of Acquisition.

ACCOUNTING ENTITY is an organization, institution or being that has its own existence for legal or tax purposes. An accounting entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, etc. See also ACCOUNTING ENTITY ASSUMPTION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.