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Trading may be conducted only in preestablished multiples of currency units. This means that a firm wishing to hedge some aspect of its foreign exchange risk is not able to match the contract size with the size of the risk.

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How to buy a futures contract?

To buy a futures contract, you need to open a trading account with a brokerage firm, deposit funds, choose the specific futures contract you want to buy, and place an order through your broker. The contract represents an agreement to buy or sell a specific asset at a predetermined price on a future date.


How much commission does a salesman make?

The amount of commission earned by a salesman depends on his contract, and the number of sales he makes under that contract. As such, the answer to this question is case specific.


What is MNS3 payment term?

MNS3 payment term typically refers to a specific agreement or condition in a contract regarding the timing and method of payment. It often includes details about when payments are due, any discounts for early payment, and penalties for late payment. The exact interpretation can vary depending on the context and the specific contractual terms involved. Always refer to the specific contract for precise definitions.


What is legal obligation in a contract?

A legal obligation in a contract refers to the responsibilities and duties that each party is bound to fulfill as stipulated in the agreement. This includes performing specific actions, providing goods or services, or refraining from certain behaviors as outlined in the contract. If a party fails to meet these obligations, they may be subject to legal consequences, such as being sued for breach of contract. Essentially, legal obligations ensure that the terms of the contract are enforceable in a court of law.


Do you return a bid bond if the contract is not awarded?

Yes, a bid bond is typically returned to bidders if the contract is not awarded to them. The purpose of the bid bond is to ensure that the bidder will enter into a contract if selected; if they are not chosen, the bond is released. However, the specific terms regarding the return of a bid bond may vary depending on the contract's conditions and the issuing authority. Always consult the bid documents for detailed information.

Related Questions

Define between essentialia naturalia and incidentalia?

essentialia are term of a contract that identify the contract as one of the specific contract.naturalia are terms that are implied into a specific contract by law and incidentalia are the other term of the contract that parties have to agree to


Did Daniel Radcliffe sign a contract?

A contract for what ? Please be more specific.


What specific clause, when signed by all parties to a sales contract, changes the original terms of the contract?

The specific clause that, when signed by all parties to a sales contract, changes the original terms of the contract is known as an amendment clause.


What is a contract to keep an offer open for a specific period of time called?

This is know as an option contract.


What is the act of breaking a written contract?

The specific term for the "act" of breaking a written contract is "breach."


What is a synonym for indenture?

Apprenticeship. and also in specific circumstances, 'contract'.


What is specific performance of contract and under which circumstances specific performance not granted?

Specific performance is when the court orders someone who is in breach of contract to do what they said they would do under the contract. Specific performance is not granted if the contractual breach can be remedied with damages, or if it is a personal service.


Should you capitalize government contract in a sentence?

No, 'government contract' doesn't require to be capitalized.


When may a buyer cancel a contract?

This question is specific to the buyers contract, you should reference that document to answer this question.


What is contract attachment?

A contract attachment is a part of the contract for a specific purpose. It may list locations for services, or provide the security policies that may be followed.


Is a text message considered a binding contract?

No, a text message is not typically considered a binding contract unless it meets specific legal requirements such as offer, acceptance, and consideration. It is important to consult with a legal professional for specific advice on contract formation.


Why did Jennifer eccleston leave the fox news?

Her contract was up. Things were narrowing down Fox temparaily down sized. I think.