Key Currency What is 'Key Currency' The currency used as a reference in an international transaction or when setting an exchange rate. The key currency used is usually issued by a stable,

Key Rate What is 'Key Rate' The specific interest rate that determines bank lending rates and the cost of credit for borrowers. The two key interest rates in the United States are the disc

Hara-Kiri Swap What is 'Hara-Kiri Swap' An interest rate or cross-currency swap devoid of any profit margin for the originator. The term gets its name from Japanese banks' and securities h

Yield Curve A yield curve depicts interest rates of bonds having different maturities, but same credit quality, at a specific point in time. The yield curve is mostly used to compare rates o

DefinitionIn financial markets, implementation shortfall is the difference between the decision price and the final execution price for a trade. This is also known as the "slippage". Agency

DefinitionAn investment bank is typically a private company that provides various finance-related and other services to individuals, corporations, and governments such as raising financial c

National Currency What is 'National Currency' The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is usually the predomi

Negative Interest Rate Policy A negative interest rate policy (NIRP) is a monetary policy that is used by central banks to keep negative rates in the country. The rates are kept at below zer

DefinitionIn economics, broad money is a term denoting a certain measure of the amount of money in a national economy, and it is used depending on the local practice. Narrow Money What is '

National Fund For Hydrocarbon Reserves (Mauritania) What is 'National Fund For Hydrocarbon Reserves (Mauritania)' A sovereign wealth fund administered by the Banque Centrale de Mauritanie,