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futures market.See MARKET.[Blacks Law 8th]

futures contract.An agreement to buy or sell a standardized asset (such as a commodity, stock, or foreign currency) at a fixed price at a future time, usu. during a particular time of a month. • Futures contracts are traded on exchanges such as the Chicago Board of Trade or the Chicago Mercantile Exchange. — Often…

futures-commission merchant.An individual or firm that executes orders to buy and sell futures or futures options.[Blacks Law 8th]

futures,n.1. Standardized assets (such as commodities, stocks, or foreign currencies) bought or sold for future acceptance or delivery. — Also termed financial futures. 2.FUTURES CONTRACT. 3. Future claimants, esp. those who would become members of a class of persons injured by a defendant and thus included in a class action.[Blacks Law 8th]

future performance.See PERFORMANCE.[Blacks Law 8th]

future interest.A property interest in which the privilege of possession or of other enjoyment is future and not present. • A future interest can exist in either the grantor (as with a reversion) or the grantee (as with a remainder or executory interest). Today, most future interests are equitable interests in stocks and debt securities,…

future goods.See GOODS.[Blacks Law 8th]

future estate.See FUTURE INTEREST.[Blacks Law 8th]

future earnings.See lost earnings under EARNINGS.[Blacks Law 8th]

future damages.See DAMAGES.[Blacks Law 8th]