from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance a standardized contract, traded on a futures
exchange, to buy or sell a standardized quantity of a specified commodity (or financial instrument) of standardized quality at a certain date in the future, at a price (the futures price).
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date
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