forward rate agreementglossary / FORWARD-RATE AGREEMENT forward-rate agreement. A contract that specifies what the interest rate on an obligation will be on some future date. — Abbr. FRA. 词条贡献者 资深译员王漾,毕业于一所旨在培养高级翻译专业人才的翻译院校,擅长翻译各类与雇主商业秘密相关的法律文件。