A commodity exchange in which futures contracts are traded; a market for a trade (e.g., commodities futures contracts and stock options) that is negotiated at the current price but calls for delivery at a future time. — Also termed forward market. See FUTURES CONTRACT. [Cases: Commodity Futures Trading Regulation 6. C.J.S. Securities Regulation § 455.]
cash market 现货市场；现金交易 在现货市场或即期市场上进行的一种交易，买卖双方自由交易，当发生商品交割即商品所有权或所有权凭证从卖方转移至买方时，买方须立即付款，与期货市场〔future market〕相对。 (→futures market; spot market)
A market where various currencies are traded internationally. • Foreign-exchange markets take the form of spot, futures, and options markets. — Also termed currency market. See futures market; spot market.
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corner, n. 1. The common end of two survey lines; an angle made by two boundary lines. [Cases: Boundaries 7. C.J.S. Boundaries §§ 10–13.] existent corner. A corner whose location can be verified by an original landmark, a surveyor’s field notes, or other reliable evidence. lost corner. A point in a land description, such as
contango (k[schwa]n-tang-goh).Securities. 1. A market in which long-term futures or options contracts sell at a premium over short-term contracts. — Also termed normal market. 2. The premium so paid. • The premium paid for securities with longer maturities reflects the cost of holding the commodity for future delivery.
trading. The business of buying and selling, esp. of commodities and securities. [Cases: Commodity Futures Trading Regulation 11; Securities Regulation 35.10–67.15. C.J.S. Securities Regulation §§ 103–241, 273, 456.] day trading. The act or practice of buying and selling stock shares or other securities on the same day, esp. over the Internet, usu. for the purpose
take delivery. To receive something purchased or ordered; esp., to receive a commodity under a futures contract or spot-market contract, or to receive securities recently purchased.
leverage contract. An agreement for the purchase or sale of a contract for the future delivery of a specified commodity, usu. silver, gold, or another precious metal, in a standard unit and quantity, for a particular price, with no right to a particular lot of the commodity. • A leverage contract operates much like a
An option to buy something (esp. securities) at a fixed price even if the market rises; the right to require another to sell. — Often shortened to call. [Cases: Commodity Futures Trading Regulation 10; Securities Regulation 5.25(3). C.J.S. Securities Regulation §§ 28–29, 455, 470.]