Futures Contract Law and Legal Definition
Futures contract refers to an agreement to buy or sell a standardized asset. This may include buying or selling of a commodity, stock, or foreign currency at a fixed price at a future time, usually 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. Futures contract is also termed as futures agreement or time-bargain.
Legal Definition list
Related Legal Terms
- 30-Year Contract [Agriculture]
- Accessory Contract
- Accrual of a Contract Claim
- Action Ex Contractu
- Adhesion Contract
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agency Contract
- Agency Sales and Service Contract
- Alarm System Contractor
- Aleatory Contract
