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futures contract

The correct spelling is futures contract.

How to pronounce futures contract

noun

Say it like: Fuc-her-s c-ont-rac-t

The correct spelling is futures contract. 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 cer…

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Definition

noun

  1. 1.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 price (the futures price).

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