Futures contract
This is the current revision of Futures contract as edited by GregG (talk | contribs) at 21:07, May 3, 2012. This URL is a permanent link to this version of this page.
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.