Definitions for "Forward rate"
Interest payed today at time for a loan with a specified maturity and starting at some point in the future , where .
The rate at which two currencies can be exchanged on a preset future date, e.g. sterling dollar exchange rate today for transfer in 3 months time.
Also called the forward exchange rate, this is the exchange rate on a forward market transaction.
Keywords:  frn, faith, obligations, full, credit
FRN Full faith and credit obligations