A currency that is purchased by foreign exchange traders using a borrowed amount of a different currency, for the purpose of lending out the carry currency. interest payments from lending out the carry currency, generated by the higher interest rate, exceed the interest payments on the loan, resulting in a profit for the trader.
Browse by Subjects
Board for Actuarial Standards
Federal Trade Commission Act of 1914
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):