Current rate method

Current rate method

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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Current maturity

Current maturity

Current maturity

Current time to maturity on an outstanding debt instrument.

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Current liabilities

Current liabilities

Current liabilities

Amount owed for salaries, interest, accounts payable and other debts due within 1 year.

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Current coupon

Current coupon

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 – noncurrent method

Current - noncurrent method

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

Currency swap

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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