Resolution

Definition:

A document that records a decision or action by a Board of Directors, or a bond resolution by a government entity authorizing a bond issue.

Investing Essentials


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

Term of the Day

Currency Exchange Risk

Uncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency.

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