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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 ?
When Tarzan reached the trench and emerged into it there was no one in sight in that particular bay, nor in the next, nor the next as he hurried forward in the direction of the German center; but in the fourth bay he saw a dozen men jammed in the angle of the traverse at the end while leaping upon them and rending with talons and fangs was Numa, a terrific incarnation of ferocity and ravenous hunger.
They ran forward, shouting warnings; but above the pandemonium of the trenches and the machine gun their voices could not reach him.
It was no man who leaped forward upon that Boche officer, striking aside the sharp bayonet as one might strike aside a straw in a baby's hand--it was a wild beast and the roar of a wild beast was upon those savage lips, for as that strange sense that Tarzan owned in common with the other jungle-bred creatures of his wild domain warned him of the presence behind him and he had whirled to meet the attack, his eyes had seen the corps and regimental insignia upon the other's blouse--it was the same as that worn by the murderers of his wife and his people, by the despoilers of his home and his happiness.
The Rhodesians started forward, a cheer upon their lips-a cheer that never was uttered--a cheer that froze in their throats, for at that moment Tarzan placed a foot upon the carcass of his kill and, raising his face to the heavens, gave voice to the weird and terrifying victory cry of the bull ape.
As fast as the prisoners came over the rail they were marshalled forward to the forecastle by our hunters, while our sailors hoisted in the boats, pell-mell, dropping them anywhere upon the deck and not stopping to lash them.
He still held the wheel, and I felt that he was timing Time, reckoning the passage of the minutes with each forward lunge and leeward roll of the Ghost.
When all was ready, the word "hard-a-lee" was passed forward to me from man to man; and the Ghost heeled about on the port tack with practically no noise at all.
Second five: Michigan State guard Mateen Cleaves (out until January with a broken foot), Utah forward Hanno Mottola (out several weeks with a bad knee), Cincinnati center Kenyon Martin, Duke forward Shane Battier and Fresno State wing man Courtney Alexander.
The product was developed by Lincoln Technologies, which was acquired by Phase Forward in 2005.
Shawn Marion, a 6-7 forward from UNLV, went ninth overall to the Phoenix Suns, who acquired the pick from Dallas a year ago in the Steve Nash trade.
Forward Management is extremely pleased to begin the New Year with the addition of Rosalind to the Forward Funds Board of Trustees," said Alan Reid, president of Forward Management.
Jones is a quick small forward who can work well with Kevin Garnett.