translation

translation definition - business

translation

The expression of amounts denominated in one currency in terms of another currency by using the rate at which the two currencies are exchanged. For example, a firm with foreign operations might express sales made in euros in terms of U.S. dollars. Also called foreign currency translation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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