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

DEFERRED REVENUE EXPENDITURE see DEFERRED EXPENDITURE.

CERTIFICATE OF INSPECTION is certification, generally by an independent third party, that the goods were in good condition at the time of shipment.

Suggest a Term

Enter Search Term

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