1984), satisfying a debt instrument denominated in a foreign currency was held not to be a "sale or exchange" in determining the character of the debtor's currency loss.
What does FC stand for?
FC stands for Foreign Currency
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of FC
We have 108 other meanings of FC in our Acronym Attic
- Football Conference (Britain)
- Forage Chopper
- Force Close (software)
- Force Commander (game)
- Forces Citoyennes (French: Citizen Forces, Morocco)
- Foreclosure (also seen as FCL)
- Foreground Channel
- Foreign Corporation
- Foreign Country (IRB)
Samples in periodicals archive:
By unanimous vote, the Authorization for Foreign Currency Operations was amended to reflect the new title of Manager, System Open Market Account.
SFAS 52 deals with foreign currency transactions, including accounting for foreign-currency forwards and currency swaps, and SFAS 80 addresses the accounting for regulated interest-rate and commodity futures contracts.
In addition, we are summarizing two of these consensuses on hedging foreign currency risks.
Because the ESF's resources were meager, the Treasury was anxious for the Federal Reserve to participate for its own account in foreign currency operations.
The Service's position had been that foreign currency losses between related parties resulted from the sale or exchange of a capital asset and thus were not allowable under the related-party loss rules (Sec.
Authorization for Foreign Currency Operations At this meeting, the Committee reviewed its operations in the foreign currency markets.