Forward Booking

Business, Legal & Accounting Glossary

Definition: Forward Booking


Forward Booking


Full Definition of Forward Booking


A currency trading mechanism whereby a booking company (called a risk agent) creates a contract with specified currency exchange rate for a future date. If the exchange rate changes, the risk agent assumes the loss or gain from the rate at the time of exchange.


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https://payrollheaven.com/define/forward-booking/
Modern Language Association (MLA):
Forward Booking. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/forward-booking/.
Chicago Manual of Style (CMS):
Forward Booking. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/forward-booking/ (accessed: March 29, 2024).
American Psychological Association (APA):
Forward Booking. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/forward-booking/

Definition Sources


Definitions for Forward Booking are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.