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)

Credits