Johnce / Getty Images A forward discount occurs when the expected future price for a currency is less than the spot price. Currency markets constantly signal where exchange rates might be heading.

The discount rate refers to the interest rate used when calculating the net present value (NPV) of an investment. It represents the time value of money, which is the concept that a sum of money ...

As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window. According to the Fed, the discount ...