Business and Personal Finance Dictionary

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• FORECASTED TRANSACTION
  
  An accounting term defined by FASB in FAS 133. A transaction that is expected to occur but for which there is no firm commitment. Because no transaction or event has yet occurred and because the transaction or event, when it occurs, will be at the current prevailing market price, a forecasted transaction does not give an entity any present rights to future benefits or a present obligation for future sacrifices.
  
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