INCORPORATION Definition

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INCORPORATION is a legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.

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FORWARD INTEREST RATE AGREEMENT is where two entities agree to a fixed interest rate in the future. If the actual rate is different than the fixed rate, one party will pay the other party the present value of the difference between the interest cash flows. Essentially the two entities are gambling on which way the interest rate of an index will change. These contracts are not traded on an established exchange but rather are private contracts between parties.

PLUM is an investment with a healthy rate of return.

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