Noun
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
Source: WordNetA futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.' Myron Scholes
A futures contract in contango will decrease in value until it equals the spot price of the underlying at maturity. Source: Internet
As a result of Russia’s rejection of the deal, the US benchmark futures contract, West Texas Intermediate for delivery in April, ended at USD 41.28 a barrel, down a huge 10.1 per cent for the day. Source: Internet
All four exchanges have been asked to share trading data after the settlement of the first futures contract. Source: Internet
A futures contract allows a trader to place a leveraged bet on whether the price of the underlying asset will move higher or lower before the contract expires. Source: Internet
MCX had launched the MCX bullion index futures contract (Bulldex) in August 2020. Source: Internet