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In foreign exchange, a slang term for the premium or discount of a forward exchange rate relative to the current spot rate.
References in classic literature ?
The fact was, Hetty had really forgotten the difference of the clocks when she told Captain Donnithorne that she set out at eight, and this, with her lingering pace, had made her nearly half an hour later than usual.
It was evident, however, that just at this moment the fellow in the steeple was doing something that he had no business to do with the clock.
Then, summoning the wild courage of despair, a throng of the revellers at once threw themselves into the black apartment, and, seizing the mummer, whose tall figure stood erect and motionless within the shadow of the ebony clock, gasped in unutterable horror at finding the grave cerements and corpse-like mask, which they handled with so violent a rudeness, untenanted by any tangible form.
But, his sufferings when the clock was going to strike, were frightful to behold; and, when a Cuckoo looked out of a trap-door in the Palace, and gave note six times, it shook him, each time, like a spectral voice--or like a something wiry, plucking at his legs.
Anne, you have talked even on for ten minutes by the clock," said Marilla.
And as Prince Michael's eye rested upon the glowing face of the great clock in the tower, his smile, altruistic as it was, became slightly tinged with contempt.
But the next hundred yards took us five minutes by the next clock, and which was one to believe?
Sabin lit another cigarette and glanced once more at the clock.
and the strokes of the clock, the strokes I can't count, keep striking in my head
He had turned back thrice, and still loitered at the corner, when the clock struck twelve.
If he withdrew them for a moment, it was only to glance at a clock in some neighbouring shop, and then to strain his sight once more in the old quarter with increased earnestness and attention.
I have divided it into twenty-four hours, like the Italian clocks, because for me there is neither night nor day, sun nor moon, but only that factitious light that I take with me to the bottom of the sea.