It is an agreement to buy or sell a standard quantity of a commodity or a security - such as gold, $US or bank bills of exchange - on a specific future date at an agreed price determined at the time the contract is traded on the futures exchange.
It is a binding contract, enforceable at law. Futures contracts are traded by open outcry on the floors of most futures exchanges, although the computer age has seen the spread of screen trading.
A currency future means to trade one currency for another in the future at a price that has been determined on the purchasing date. This is a future contract, not one that occurs right away.
1) forward contract is not standardised one..it is only traded in OTC(over the counter) where as future contract is a standardised one it is traded in Secondary Market
A futures contract is a contract setting the price and date for a commodity purchase.
In most cases, future inheritance cannot be subject to a contract of sale as it is not considered a present asset or property owned by the individual at the time of the contract. Future inheritance is uncertain and contingent on the death of the benefactor, making it difficult to legally include in a contract.
A contract to deliver a particular commodity to a buyer sometime in the future.
Stock options are a contract specifying a contract for a future purchase between two parties. The buyer has the option to buy at a future date and the seller, the obligation.
An executory contract is one which is to be performed in the future and for which the debtor will be paid when it is performed. If a contractor has a signed agreement to build a house for someone next year, that is an executory contract.
The two parties decided to abolish their existing contract and make a new contract in the future.
Until the foreseable future.
When you're dealing in Over the Counter derivatives you can have anything you want. I can't imagine why you'd want a contract that obligates you to buy another futures contract on a date certain, though.
Yes it will expand but after a few millennium years it is said in theory that it will contract and contract till it is in nothingness.
contract is a aggrement between two party.