forward contract

An agreement to buy or sell a particular nonstandardized asset (usu. currencies) at a fixed price on a future date.

• Unlike a futures contract, a forward contract is not traded on a formal exchange.

— Also termed forward agreement. Cf. FUTURES CONTRACT.

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词条贡献者

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。