Foreign Currency
/ˈfɔːrɪn ˈkʌrənsi/
Definitions
- (n.) Currency issued by a country other than one's own, used in international transactions and foreign exchange markets.
The contract specified payment in foreign currency to avoid exchange rate fluctuations.
Forms
- foreign currencies
Related terms
Commentary
In legal contexts, specifying foreign currency in agreements often impacts exchange risk and compliance with currency control regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.