| / English Dictionary |
FUTURES CONTRACT
I. (noun)
Sense 1
Meaning:
An agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("futures contract" is a kind of...):
derivative; derivative instrument (a financial instrument whose value is based on another security)
Hyponyms (each of the following is a kind of "futures contract"):
stock-index futures (a futures contract based on a stock index; a bet on the future price of the indexed group of stocks)
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