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commercial paper drawn on a person or corporation in a foreign nation.
the process of balancing accounts in commercial transactions between business organizations of different nations.
the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold
foreign bills and currencies

The ways in which debts between two nations that use different currencies are paid. Foreign exchange rates can have an important effect on a nation’s economy, because the value of its currency in other countries affects the cost of both imported and exported goods and services. (See balance of payments.)


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  • Foreign exchange office

    communications (FXO) An analog telephone plug on a handset that receives POTS service from the telephone exchange (“central office”) via a Foreign eXchange Subscriber socket and provides on-hook/off-hook indication to the exchange. (2008-01-17)

  • Foreign exchange subscriber

    communications (FXS) A socket that provides analog telephone service (POTS) from the telephone exchange (“central office”) to a handset with an Foreign eXchange Office plug. The socket provides dial tone, power and a ring signal. (2008-01-17)

  • Foreign-flag

    [fawr-in-flag, for-] /ˈfɔr ɪnˌflæg, ˈfɒr-/ adjective 1. (of a vessel or aircraft) having a registry under a nationality other than one’s own: rivalry between U.S.-flag freighters and foreign-flag ships. 2. (especially of a ship) owned by a national of one country and registered under the maritime laws of another country: Some foreign-flag vessels are actually […]

  • Foreignism

    [fawr-uh-niz-uh m, for-] /ˈfɔr əˌnɪz əm, ˈfɒr-/ noun 1. a custom, mannerism, etc. 2. any trait, deviating from accepted speech standards, derived from a language. 3. imitation of anything . 4. a quality. /ˈfɒrɪˌnɪzəm/ noun 1. a custom, mannerism, idiom, etc, that is foreign 2. imitation of something foreign

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