Business and Personal Finance Dictionary

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• EXCHANGE PRIVILEGE - A mutual fund shareholder's right to switch from one fund to another within one fu...
  
  
• EXCHANGE RATE - The exchange rate is the price at which the currency of one country can be converted to...
  
  
• EXCHANGE RATE MECHANISM (ERM) - The methodology by which members of the EMS maintain their currency exc...
  
  
• EXCHANGE RATE RISK - Also called currency risk; the risk that an investment's value will change because...
  
  
• EXCHANGE RATIO - The number of new shares in an acquiring firm that are given for each outstanding shar...
  
  
• EXCHANGE RISK - The variability of a firm's value that results from unexpected exchange rate changes, o...
  
  
• EXCHANGE TRADED - An expression used to refer to financial instruments that are purchased and sold in s...
  
  
• EXCHANGE TRADED FUND - Similar to an index mutual fund, these tracking stocks trade continuously. Two p...
  
  
• EXCHANGE TRADED FUNDS (ETF) - Also known as ETF. A basket of stocks similar to an index mutual fund. Ho...
  
  
• EXCHANGE, THE - A nickname for the New York Stock Exchange. Also known as the Big Board, where more tha...