Difference between revisions of "Futures contract"
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A '''futures contract''' is a binding agreement between two parties to trade a designated quantity of a designated commodity on a given date (the settlement date) at a price determined at the time the agreement is made. A futures contract is an example of a [[forward contract]]. | A '''futures contract''' is a binding agreement between two parties to trade a designated quantity of a designated commodity on a given date (the settlement date) at a price determined at the time the agreement is made. A futures contract is an example of a [[forward contract]]. | ||
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Latest revision as of 21:07, May 3, 2012
A futures contract is a binding agreement between two parties to trade a designated quantity of a designated commodity on a given date (the settlement date) at a price determined at the time the agreement is made. A futures contract is an example of a forward contract.