an agreement to buy or sell a set amount of an investment instrument or commodity at a certain price by a certain date. Unlike options trading, in which investors have a choice whether to exercise their options, both buyers and sellers of futures are required to fulfill their part of the contract (unless one of them sells their contracts to another investor).
FUTURES CONTRACT
Meaning of FUTURES CONTRACT in English
Raynet Business and Marketing English glossary. Английский глоссарий компании Raynet Business and Marketing . 2012