What is the meaning of forward rate agreement (FRA)?

forward rate agreement > FRA

forward rate agreement (FRA) is a customized agreement between two parties specifying the rate to be paid at some future date. Usually tied to LIBOR.

Barry Goldsmith
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APABarry Goldsmith. (2010). forward rate agreement (FRA). Retrieved September 25, 2026, from http://smartdefine.org/forward_rate_agreement_(fra)/definitions/1154474
ChicagoBarry Goldsmith. 2010. "forward rate agreement (FRA)" http://smartdefine.org/forward_rate_agreement_(fra)/definitions/1154474 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, forward rate agreement (FRA), Smart Define, viewed 25 September, 2026, <http://smartdefine.org/forward_rate_agreement_(fra)/definitions/1154474>.
MLABarry Goldsmith. "forward rate agreement (FRA)" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/forward_rate_agreement_(fra)/definitions/1154474>