FORWARD CONTRACT
\fˈɔːwəd kˈɒntɹakt], \fˈɔːwəd kˈɒntɹakt], \f_ˈɔː_w_ə_d k_ˈɒ_n_t_ɹ_a_k_t]\
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A commodity or financial instrument bought or sold at market or spot price today by binding contract. It is delivered on a stated future, or forward, date. This settles the contract. In contrast, a futures contract is only a formal promise. Known also as cash contract.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.