to move slowly toward a goal): Unless otherwise defined, in connection with payment obligations in foreign currency, this is understood to mean postponing the exchange until the last possible moment. The reason for this is corresponding expectations regarding the course of the exchange rate of the currencies concerned. – If the exchange is carried out at the earliest possible date for the same reasons, it is referred to as leading. – See foreign exchange swap, exchange rate hedging, Tomorrow next.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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