Futures contract
This is an old revision of this page, as edited by GregG (talk | contribs) at 21:06, May 3, 2012. It may differ significantly from current revision.
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.