Direct terms

(redirected from Normal Quote)

Direct terms

The price of a unit of foreign currency in domestic currency terms, such as $.9850/Euro for a US resident. See: Indirect terms.

Direct Terms

In foreign exchange, the expression of a currency in terms of one unit of a different currency. For example, to say there are two U.S. dollars per one British pound is to express the dollar in direct terms to the pound. See also: Indirect terms, Currency pair.
References in periodicals archive ?
The standard fare offered on the night ranged from [pounds sterling]162 to [pounds sterling]216 - compared with a normal quote for the same journey of [pounds sterling]54-[pounds sterling]74.
Renewed national pride and feeling of unity the normal quote.
It may turn out that his decision to forego his normal quote in return for gross points--which was made to keep the budget to $30 million and help get "Baby" made--could place Eastwood in the company of Mel Gibson and Tom Hanks as talent who saw the biggest financial returns from their films last year.
While there are doubts as to how much SAG can do, the study would once and for all put figures on what has been a perplexing problem for the union: As the top stars see their salaries escalate, these performers are getting far from their normal quote.