FUTURES CONTRACT Definition

Bookmark and Share

FUTURES CONTRACT is an agreement to buy or sell a specific amount of a commodity or financial instrument at a specified price on a specified future date. Futures con­tracts are traded on a commodity exchange and used both for speculation and hedging.

Learn new Accounting Terms

PURCHASE ACCOUNT is an account in which all inventory purchases are recorded; used with the periodic inventory method.

ACV see ACTUAL CASH VALUE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.