📚 noun • entry_id 50779
futures contract
Meanings (ES + gloss)
contrato de futuros
A standardized contract, traded on a futures exchange, to buy or sell a standardized quantity of a specified commodity (or financial instrument) of standardized quality at a certain date in the future, at a stated price (the futures price).
He led the way with futures contracts (by which buyer and seller fix a price, immune from market fluctuations, for commodities that do not even exist at the time, such as crops yet…
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