Current rate method
Under this currency translation method, all foreign currency balance-sheet and income statement items are translated at the current exchange rate.
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Archive for the 'C Glossary' Category
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Current maturity
Current time to maturity on an outstanding debt instrument.
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Current liabilities
Amount owed for salaries, interest, accounts payable and other debts due within 1 year.
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Current issue
In Treasury securities, the most recently auctioned issue. Trading is more active in current issues than in off-the-run issues.
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Current coupon
A bond selling at or close to par, that is, a bond with a coupon close to the yields currently offered on new bonds of a similar maturity and credit risk.
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Current assets
Value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in less than 1 year.
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Current account
Net flow of goods, services, and unilateral transactions (gifts) between countries.
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Current – noncurrent method
Under this currency translation method, all of a foreign subsidiary’s current assets and liabilities are translated into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate, that is, the rate in effect at the time the asset was acquired or the liability incurred.
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Currency swap
An agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency.
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Currency selection
Asset allocation in which the investor chooses among investments denominated in different currencies.
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