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A '''futures contract''' is a binding agreement between two parties to trade a designated quantity of a designated commodity on a given date (the settlement date) at a price determined at the time the agreement is made. A futures contract is an example of a [[forward contract]].
A '''futures contract''' is a binding agreement between two parties to trade a designated quantity of a designated commodity on a given date (the settlement date) at a price determined at the time the agreement is made. A futures contract is an example of a [[forward contract]].
[[Category:Finance]]