futures contract


A written contract to buy or sell a physical commodity or financial instrument at a future date and at an agreed upon price. With the exception of price, all other terms of a futures contract are standardized for each product by the exchange on which they are traded. See Delivery; Derivative; Futures; Futures Exchange.

Related Terms

 • short covering  • initial margin  • Nearby Month  • index futures  • back months  • Ted spread  • Fair price  • aggregate
 more related terms