A term used to designate all contracts covering the sale of financial instruments or physical commodities ( physical commodity) for future delivery on a commodity exchange. Bloomberg Financial Dictionary
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A legal agreement to buy or sell a standard quantity of a specified asset for delivery at a fixed future date at a price agreed today. Futures are traded on futures exchanges, such as LIFFE or the London Metal Exchange. They are available in a range of assets, such as wheat and copper and also on indices, such as the FTSE 100. Dresdner Kleinwort Wasserstein financial glossary
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Contract that obliges the buyer to receive and the seller to deliver the assets specified at an agreed price in the future. Euroclear Clearing and Settlement glossary
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A form of forward contract to buy or sell a set quantity of shares or commodities in the future at a pre-agreed price.
Financial and business terms. 2012.