European terms

Definition:

A foreign exchange quotation that states the foreign currency price of one U.S. dollar. Opposite of direct quote.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

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An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.

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