TERMIUM Plus®

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forward purchase contract [1 record]

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Record 1 1997-11-10

English

Subject field(s)
  • Investment
DEF

A forward purchase contract is an agreement by an investor to purchase bonds from the issuer on a specific, future date at a specified rate of interest. This financing arrangement was developed in 1989 to assist municipal debt issuers in meeting their financing needs and in lowering their borrowing costs.

French

Domaine(s)
  • Investissements et placements

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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