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

资深译员筠怡，国际知名法学院民商法专业，专注翻译各种与商业和侵权诉讼有关的法律文件。