Search Results for: FUTURES

put option

An option to sell something (esp. securities) at a fixed price even if the market declines; the right to require another to buy. — Often shortened to put. [Cases: Commodity Futures Trading Regulation 10; Corporations 116; Securities Regulation 5.25(3). C.J.S. Corporations §§ 233–240, 242; Securities Regulation §§ 28–29, 455, 470.]

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board of trade

board of trade. 1. A federation of business executives dedicated to advancing and protecting business interests. 2. An organization that runs a commodities exchange. See CHICAGO BOARD OF TRADE. [Cases: Commodity Futures Trading Regulation 6. C.J.S. Securities Regulation § 455.] 3. Hist. The Lords of the Committee of the Privy Council that had jurisdiction over

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bargain

bargain, n. An agreement between parties for the exchange of promises or performances. • A bargain is not necessarily a contract because the consideration may be insufficient or the transaction may be illegal. See BARGAIN SALE; informal contract under CONTRACT. [Cases: Contracts 1. C.J.S. Contracts §§ 2–3, 9, 12.] — bargain, vb. “A bargain is

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commodity

commodity. 1. An article of trade or commerce. • The term embraces only tangible goods, such as products or merchandise, as distinguished from services. 2. An economic good, esp. a raw material or an agricultural product. [Cases: Commodity Futures Trading Regulation 7.]

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