A specified rate to be charged as a fee during a foreign exchange Transaction, as opposed to a percentage which is determined by the amount of the transaction. They are often specified in larger contracts, where a flat dollar fee is more preferable to receiving a percentage. The flat dollar fee charged will remain as stated, irrespective of the transaction size, something that is often deemed more economical for investors.
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venture capital trust
Insider Trading and Securities Fraud Enforcement Act of 1988
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