Non-Deliverable Forward

Business, Legal & Accounting Glossary

Definition: Non-Deliverable Forward


Non-Deliverable Forward


Full Definition of Non-Deliverable Forward


A cash-settled forward contract on a non-convertible or thinly traded foreign currency. The contract is settled in the investor’s currency based on an agreed-upon posted exchange rate.


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Non-Deliverable Forward. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/non-deliverable-forward/.
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Non-Deliverable Forward. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/non-deliverable-forward/ (accessed: March 29, 2024).
American Psychological Association (APA):
Non-Deliverable Forward. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/non-deliverable-forward/

Definition Sources


Definitions for Non-Deliverable Forward 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.