A financing fee charged by the seller of a foreign exchange futures contract that is extended past the original expiration date. A futures contract gives the buyer the right to purchase a currency at a pre-determined exchange rate within a specified period of time, and carry-over charges are levied if the expiration date on the contract is changed.
Browse by Subjects
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):