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imported>Doug Williamson |
imported>Doug Williamson |
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| 1.
| | The currency in which financial statements are presented. |
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| The worsening of a financial position when effectively 'locked in' to a course of action or to a particular fixed price or rate, compared with the alternative which could have been followed without the lock-in.
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| For example, there is always a risk of opportunity losses when we use a fixing instrument to effectively lock in a (committed) market price.
| | ==See also== |
| | * [[Functional currency]] |
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| We are effectively locked in to the predetermined and committed market price, instead of being free to take advantage of actual market rates (if they turn out to be more favourable).
| | [[Category:Accounting,_tax_and_regulation]] |
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| Any loss resulting from a failure to take advantage of an opportunity.
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| == See also ==
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| * [[Fixing instrument]]
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| * [[Opportunity risk]]
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| * [[Regret risk]]
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Latest revision as of 07:07, 2 July 2022
The currency in which financial statements are presented.
See also
