Is a contract to buy or sell a specific commodity at a date in the future at a market-determined price. The price is determined by the equilibrium between supply and demand among competing buy and sell orders at the time of the purchase or sale of the contract. They are a type of derivative contract

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser