A standardized and binding agreement to buy or sell a predetermined quantity and quality of a specified commodity at a future date. Standardization of the contracts enhances their transferability. Futures contracts can be traded only by auction on exchanges registered with the CFTC.
FUTURES CONTRACT
Meaning of FUTURES CONTRACT in English
A guide to futures and options market technology English dictionary. Английский словарь-руководство по фьючерсам и опционам рыночных технологий . 2012