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 译者David,毕业于亚洲顶尖的高级翻译学院,擅长翻译各种与复杂商业诉讼相关的法律文件。