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Vehicle currency |
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Vehicle currencyThe currency used to invoice an international trade transaction, especially when it is not the national currency of either the importer or the exporter.Similar MatchesComptroller of the CurrencyComptroller of the CurrencyA government official, appointed by the president, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. Currency conversionCurrency conversionA term used by the London Stock Exchange to denote that a trade was executed in one currency but converted for trade reporting. Currency in circulationCurrency in circulationPaper money, coins, and demand deposits that constitute all the money circulating in the economy. Hard currencyHard currencyA currency which is generally accepted throughout the world and which is unlikely to devalue. Examples are the deutschmark, dollar and Swiss franc. Foreign currency mortgageForeign currency mortgageIt is possible to get a mortgage for your home in the UK in a mortgage denominated in a foreign currency. It sometimes gives you the opportunity to borrow money at a lower rate of interest than is possible in the UK. You do this by choosing a currency whose country has lower interest rates than we have here. Lower interest rates should mean lower repayments of both capital and interest or a shorter mortgage term. The mortgage does not have to be in any single currency. There are lenders who will allow you to spread your mortgage across a range of different currencies. This could be seen as spreading the risk Further SuggestionsUnder-valued currencyNet currency exposure Currency area Currency Board Canonical model of currency crises currency swap currency Reserve currency Currency appreciation Intervention currency Currency Exchange Risk eurocurrency Currency no longer issued Currency factor Foreign currency forward contract Currency reallignment Currency Reserve currency Soft currency Currency overvaluation currency loan Eurocurrency Hard currency Currency diversification Currency put option |
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