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Dan,毕业于美国顶尖的高级翻译学院,专注翻译各种与消费者集团诉讼有关的法律文件。