FUTURES CONTRACT

By SovConn | October 17, 2016

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 shortened to futures. — Also termed futures agreement;

time-bargain. Cf. forward contract under CONTRACT; LEVERAGE CONTRACT; OPTION.

[Cases: Commodity Futures Trading Regulation 10. C.J.S. Securities Regulation §§ 455, 470.][Blacks Law 8th]