Forward


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Related to Forward: Forward contract

Forward

Forward Contract

An agreement to buy or sell an asset at a certain date at a certain price. That is, Investor A may make a contract with Farmer B in which A agrees to buy a certain number of bushels of B's corn at $15 per bushel. This contract must be honored whether the price of corn goes to $1 or $100 per bushel. Forward contracts can help reduce volatility in certain markets, but they contain the risks inherent to all speculative investing. These contracts may be sold on the secondary market, but the person holding the contract at its end must take delivery of the underlying asset. Forward contracts are identical to futures contracts except that their provisions are not standardized. That is, forwards may be written with any provisions the parties desire. While this allows for greater flexibility, this makes the contracts less liquid on the secondary market and prevents them from being traded on an exchange.
References in classic literature ?
It was a favourable change, and the Tankadere again bounded forward on this mountainous sea, though the waves crossed each other, and imparted shocks and counter-shocks which would have crushed a craft less solidly built.
The chief of the Blackfeet stepped forward to meet him.
His adjectives were too foul for print; they were given with such a special effort at distinctness, however, that I was smiling one instant, and giving thanks the next that Eva Denison had not come forward with her guardian.
And yet they cheered and waved their spears in triumph, and then, instead of falling back upon us as we expected, they ran forward, for a hundred yards or so, after the flying groups of foemen, took possession of a rising knoll of ground, and, resuming their triple formation, formed a threefold ring around its base.
Philip looked forward with interest to the rest of the curriculum.
Then turning to where his men-at-arms stood near the door, he called, "Come hither," and beckoned with his finger; whereupon the tallest of them all came forward and handed him a long leathern bag.
The regimental commander ran forward on each such occasion, fearing to miss a single word of the commander in chief's regarding the regiment.
When the party had come to the lower levels, and the jeddak had dispersed them by a sign, none noticed that the forward fellow who had drawn so much attention to himself before the Prince of Helium departed, was no longer among the other servants.
But those words, spoken close to the Saw-Horse, and being the first sounds he had ever heard, so startled the animal that he made a bound forward and tumbled Tip on one side and Jack on the other.
Ozma took a chair which Jellia Jamb wheeled forward for the Ruler, and back of her stood the Scarecrow, the Tin Woodman and Dorothy, as well as the Cowardly Lion and the Hungry Tiger.
Pardon me," he said, stepping forward and placing his hand on Werper's other shoulder; "but this gentleman is my prisoner.
Once inside, the problem became simpler since Tarzan followed closely in the rear with his sharp spear point, an unremitting incentive to forward movement on the part of the lion.