futures contract

A promise made today to buy or sell something later, at a price agreed now.

The fuller meaning

A standardized, exchange-traded agreement to buy or sell an asset, such as an index, a currency or a commodity, at a set price on a future date. Traders post margin, gains and losses are marked to market daily, and each contract expires, so positions must be rolled or settled.

futures contract, also called futures.

futures contract

The fuller meaning

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