Other Definitions
futures contract (enc)
Futures Contract
Noun
1.
futures contract
- 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
derivative instrument
,
derivative
- a financial instrument whose value is based on another security
stock-index futures
- a futures contract based on a stock index; a bet on the future price of the indexed group of stocks
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