Futures

Futures (Futures Contract)


 * A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

- from [Investopedia]

Links

 * Futures Contract on Wikipedia
 * Futures Contract, on Investopedia
 * Definitions of Future Contract on Google