Accueil >  Term: forward contract
forward contract

A cash transaction common in many industries, including agricultural commodity merchandising, in which a commercial buyer and seller agree upon delivery of a specified quality and quantity of goods at a specified future date. A price may be agreed upon in advance, or there may be agreement that the price will be determined at the time of delivery. Forward contracts, in contrast to futures contracts, are privately negotiated and are not standardized.

0 0

Créateur

  • AjayOwor
  •  (Gold) 1463 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.