JUNO DEFINITIONS - F

Federal Funds Rate: The interest rate applied when US banks and other deposit-takers lend money to each other overnight.

 

Fintech: A term used to describe emerging financial technology and innovation, particularly in the way transactions are administered.

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Forward: A forward contract, also known as a forward, is a type of derivative. It’s an agreement negotiated between two parties to buy or sell an FX at a future date, for a specified rate.

 

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