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Derivative (finance) - A derivative is a financial contract whose payoffs over time are derived from the performance of assets (such as commodities, shares or bonds), interest rates, exchange rates, or indices (such as a stock market index, consumer price index (CPI) or an index of weather conditions). This performance can determine both the amount and the timing of the payoffs, and these payoffs can be in cash, as well as be the delivery of the underlying asset.
International finance - International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, and how these affect international trade.
Powerboating - Power boating describes activities performed in a motorized boat. Generally a power boat has a high power to weight ratio and a hull design that allows for easy planing which allows for higher rates of speed and improved handling.
Interest parity condition - In international finance, the interest parity condition is the basic identity that describes the equilibrium in interest rates and exchange rates in economic models. It can be stated in words as: The foreign exchange market is in equilibrium when deposits of all currencies offer the same expected rate of return.
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