The price quoted for future delivery of an ASSET under a FORWARD or FUTURE, comprised of the SPOT PRICE and a positive or negative COST OF CARRY; a quoted price may reflect a FORWARD PREMIUM or FORWARD DISCOUNT. The equilibrium, noARBITRAGE forward prices for various assets are given as follows: where S is the stock price, e is the exponential constant, r is a prevailing DISCOUNT RATE, and t is the time to maturity where Sp is the spot price, r1 is the discount rate for currency 1, r2 is the discount rate for currency 2, and all other terms are as defined above. See also FORWARD RATE.

• AVERAGE LIFE
• AVERAGE MATURITY
• AVERAGE NET RECEIVABLES
• AVERAGE OUTGOING QUALITY
• AVERAGE OUTGOING QUALITY LIMIT
• AVERAGE PAYMENT METHOD
• AVERAGE PAYMENT PERIOD
• AVERAGE PRICE OPTION
• AVERAGE PRICE PER SHARE
• AVERAGE PRICES
• AVERAGE PRICES
• AVERAGE PRODUCT
• AVERAGE PROPENSITY TO CONSUME
• AVERAGE RATE OF RETURN
• AVERAGE RATE OF RETURN
• AVERAGE SEMIPRIVATE RATE
• AVERAGE SETTLEMENT PERIOD
• AVERAGE TOTAL ASSETS
• AVERAGE TOTAL COSTS
• AVERAGE UP
• AVERAGE VARIABLE COST
• AVERAGE WEEKLY WAGE
• AVERAGE WITHOUT PERCENTAGE
• AVERAGE WORKING CAPITAL
• AVERAGE WORST-CASE RISK EXPOSURE