Foreign Currency definition: Copy, customize, and use instantly
Introduction
The term "Foreign Currency" refers to a currency that is different from the legal tender used in a specific jurisdiction. It is essential for facilitating international trade, investments, and financial transactions across borders. Foreign currency definitions in contracts typically address exchange rates, payment obligations, and conversion processes.
Below are various examples of how "Foreign Currency" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Foreign Currency" in international trade agreements
This definition ties "Foreign Currency" to cross-border commerce.
"Foreign Currency" means any currency other than the currency of the jurisdiction in which the transaction occurs, used to settle payments for goods or services traded internationally.
Definition of "Foreign Currency" in financial instruments
This definition connects "Foreign Currency" to global investments.
"Foreign Currency" refers to any currency other than the issuer’s domestic currency, used as the denomination for financial instruments, including bonds, loans, and securities.
Definition of "Foreign Currency" in loan agreements
This definition links "Foreign Currency" to cross-border financing.
"Foreign Currency" means any currency other than the currency of the borrower’s jurisdiction, specified in the loan agreement for disbursement, repayment, or interest calculations.
Definition of "Foreign Currency" in payment obligations
This definition applies "Foreign Currency" to contract settlements.
"Foreign Currency" includes any currency other than the domestic currency, required for payments under the terms of the agreement, subject to applicable exchange rates and conversion mechanisms.
Definition of "Foreign Currency" in multinational contracts
This definition ties "Foreign Currency" to multi-jurisdictional agreements.
"Foreign Currency" refers to any currency other than the official currency of the country where the contractual obligations are performed or enforced, as agreed by the parties.
Definition of "Foreign Currency" in cross-border mergers
This definition connects "Foreign Currency" to corporate transactions.
"Foreign Currency" means a currency other than the domestic currency of either party involved in a cross-border merger or acquisition, used for transaction settlements or valuations.
Definition of "Foreign Currency" in hedging agreements
This definition links "Foreign Currency" to risk management.
"Foreign Currency" includes any currency that differs from the domestic currency and is subject to hedging or derivative instruments to mitigate exchange rate volatility.
Definition of "Foreign Currency" in export financing
This definition ties "Foreign Currency" to trade support.
"Foreign Currency" means any currency other than the exporter’s domestic currency, used for loans, guarantees, or payments related to the export of goods or services.
Definition of "Foreign Currency" in digital payment systems
This definition connects "Foreign Currency" to online transactions.
"Foreign Currency" refers to a currency other than the domestic currency used for digital transactions or payment processing in cross-border e-commerce or financial technology platforms.
Definition of "Foreign Currency" in real estate investments
This definition links "Foreign Currency" to property transactions.
"Foreign Currency" includes any currency other than the domestic currency, used for the purchase, sale, or financing of real estate assets in international markets.
Definition of "Foreign Currency" in travel and tourism agreements
This definition ties "Foreign Currency" to international services.
"Foreign Currency" refers to a currency other than the domestic currency used by travelers to pay for goods, services, or accommodations in foreign countries.
Definition of "Foreign Currency" in sovereign debt instruments
This definition connects "Foreign Currency" to government borrowing.
"Foreign Currency" means a currency other than the issuing government’s domestic currency, used as the denomination for sovereign bonds or loans.
Definition of "Foreign Currency" in import-export contracts
This definition links "Foreign Currency" to global trade.
"Foreign Currency" includes any currency other than the buyer’s or seller’s domestic currency, agreed upon for settling payments under import-export contracts.
Definition of "Foreign Currency" in employee compensation
This definition ties "Foreign Currency" to international payroll.
"Foreign Currency" refers to a currency other than the employer’s domestic currency, used to compensate employees working in or relocated to foreign countries.
Definition of "Foreign Currency" in cross-border investments
This definition connects "Foreign Currency" to global portfolios.
"Foreign Currency" means any currency other than the investor’s domestic currency, used for purchasing, holding, or valuing international investments.
Definition of "Foreign Currency" in aviation leasing agreements
This definition links "Foreign Currency" to global aviation finance.
"Foreign Currency" refers to any currency other than the domestic currency, specified for lease payments, maintenance reserves, or deposits under international aircraft leasing agreements.
Definition of "Foreign Currency" in cryptocurrency exchanges
This definition ties "Foreign Currency" to digital asset trading.
"Foreign Currency" includes any government-issued currency used as a base or counter currency in cryptocurrency exchange transactions, such as USD, EUR, or JPY.
Definition of "Foreign Currency" in infrastructure financing
This definition connects "Foreign Currency" to development projects.
"Foreign Currency" refers to a currency other than the domestic currency, used for funding infrastructure projects in cross-border or international collaborations.
Definition of "Foreign Currency" in shipping agreements
This definition links "Foreign Currency" to maritime trade.
"Foreign Currency" means any currency other than the domestic currency, used for freight charges, charter agreements, or other shipping-related transactions.
Definition of "Foreign Currency" in remittance services
This definition ties "Foreign Currency" to global money transfers.
"Foreign Currency" refers to a currency other than the sender’s domestic currency, used for remittance transactions to recipients in foreign countries.
Definition of "Foreign Currency" in tax reporting
This definition connects "Foreign Currency" to international compliance.
"Foreign Currency" includes any currency other than the reporting jurisdiction’s domestic currency, used for tax filings, accounting, or compliance with international financial regulations.
Definition of "Foreign Currency" in energy sector transactions
This definition links "Foreign Currency" to global commodity markets.
"Foreign Currency" refers to a currency other than the domestic currency, used for energy trade, such as oil, gas, or electricity in international markets.
Definition of "Foreign Currency" in licensing agreements
This definition ties "Foreign Currency" to intellectual property payments.
"Foreign Currency" means a currency other than the licensor’s domestic currency, agreed upon for royalty payments or fees under international licensing agreements.
Definition of "Foreign Currency" in cross-border joint ventures
This definition ties "Foreign Currency" to collaborative business arrangements.
"Foreign Currency" means any currency other than the domestic currencies of the joint venture partners, used for capital contributions, profit distributions, or expense settlements in international ventures.
Definition of "Foreign Currency" in intellectual property transactions
This definition connects "Foreign Currency" to IP-related payments.
"Foreign Currency" refers to any currency other than the domestic currency used for licensing fees, royalties, or technology transfer payments in global intellectual property transactions.
Definition of "Foreign Currency" in global procurement contracts
This definition links "Foreign Currency" to international sourcing.
"Foreign Currency" includes any currency other than the buyer's domestic currency, used to settle payments for goods or services sourced from foreign suppliers.
Definition of "Foreign Currency" in syndicated loans
This definition ties "Foreign Currency" to multi-lender agreements.
"Foreign Currency" means a currency other than the borrower’s domestic currency, used as the denomination for syndicated loan facilities in cross-border lending.
Definition of "Foreign Currency" in commodities trading
This definition connects "Foreign Currency" to global markets.
"Foreign Currency" refers to any currency other than the domestic currency used for trading commodities, such as crude oil, metals, or agricultural products, on international exchanges.
Definition of "Foreign Currency" in tourism promotion agreements
This definition links "Foreign Currency" to travel-related campaigns.
"Foreign Currency" refers to any currency other than the domestic currency, used for payments and settlements in international tourism marketing and promotional activities.
Definition of "Foreign Currency" in global logistics contracts
This definition ties "Foreign Currency" to transportation agreements.
"Foreign Currency" includes any currency other than the domestic currency, agreed upon for freight charges, warehousing fees, and logistics services in cross-border supply chain arrangements.
Definition of "Foreign Currency" in tax equalization policies
This definition connects "Foreign Currency" to expatriate programs.
"Foreign Currency" refers to any currency other than the home country’s currency, used in calculating tax equalization payments for expatriates working in foreign jurisdictions.
Definition of "Foreign Currency" in debt restructuring
This definition links "Foreign Currency" to financial workouts.
"Foreign Currency" means any currency other than the domestic currency, used in restructured debt agreements, often with specific exchange rate provisions to manage risk.
Definition of "Foreign Currency" in offshore investments
This definition ties "Foreign Currency" to financial diversification.
"Foreign Currency" refers to any currency other than the investor’s domestic currency, utilized for investing in offshore markets or entities to achieve global exposure.
Definition of "Foreign Currency" in disaster relief funding
This definition connects "Foreign Currency" to emergency aid.
"Foreign Currency" includes any currency other than the affected country’s domestic currency, used for international relief donations or funding of disaster recovery programs.
Definition of "Foreign Currency" in sovereign wealth funds
This definition links "Foreign Currency" to state investments.
"Foreign Currency" refers to any currency other than the sovereign wealth fund’s home currency, used for managing assets in diversified portfolios across global markets.
Definition of "Foreign Currency" in international arbitration
This definition ties "Foreign Currency" to dispute resolution.
"Foreign Currency" means any currency other than the domestic currency, used to calculate damages, awards, or settlements in international arbitration proceedings.
Definition of "Foreign Currency" in renewable energy projects
This definition connects "Foreign Currency" to green initiatives.
"Foreign Currency" includes any currency other than the project’s local currency, used for funding, procurement, or revenue generation in international renewable energy ventures.
Definition of "Foreign Currency" in bilateral trade agreements
This definition links "Foreign Currency" to country-specific deals.
"Foreign Currency" refers to any currency other than the domestic currencies of the trading countries, used for settling payments under bilateral trade agreements.
Definition of "Foreign Currency" in global franchising agreements
This definition ties "Foreign Currency" to brand licensing.
"Foreign Currency" means any currency other than the franchisor’s domestic currency, agreed upon for franchise fees, royalties, or other payments in international franchising arrangements.
Definition of "Foreign Currency" in international bond markets
This definition connects "Foreign Currency" to fixed-income securities.
"Foreign Currency" includes any currency other than the issuing entity’s domestic currency, used for issuing or trading bonds in international capital markets.
Definition of "Foreign Currency" in education services agreements
This definition links "Foreign Currency" to global academic services.
"Foreign Currency" refers to any currency other than the domestic currency, used to settle tuition fees, grants, or funding for international education programs.
Definition of "Foreign Currency" in cross-border escrow accounts
This definition ties "Foreign Currency" to neutral fund holding.
"Foreign Currency" means a currency other than the escrow agent’s or parties’ domestic currency, used for deposits or disbursements under international escrow agreements.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.