Future


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Future

A term used to designate any contract covering the sale of financial instruments or physical commodities for future delivery on a futures exchange. Alternatively, a future is any forward contract that has been standardized and listed for trading on a futures exchange.

Futures 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. Futures 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. Futures contract are standard instruments; that is, unlike forward contracts, their provisions are standardized. As such, they may be traded on an exchange.
References in classic literature ?
Its motto must be "Ich dien"--I serve; and it will be the work of the future statesmen of the telephone to illustrate this motto in all its practical variations.
The union of two beings may be so engrossing, in their eyes, have lasted so long, and embraced so many ties, as to seem indissoluble; it is all seeming; the hour will infallibly come when the past becomes as nothing, except as it has opened the way to the future.
They had tested each other in what seemed only a short time; and, instinctively, they recognized that their souls were of a kind whose inexhaustible riches promised for the future unceasing joys.
Consider that his was a mind which shrank from pity: have you ever watched in such a mind the effect of a suspicion that what is pressing it as a grief may be really a source of contentment, either actual or future, to the being who already offends by pitying?
She smiled to herself at vagrant impulses which arose from nowhere and suggested that she rumple his hair; while he desired greatly, when they tired of reading, to rest his head in her lap and dream with closed eyes about the future that was to be theirs.
In thinking of her future, Mary naturally thought of herself in the character of a wife.
Did she realize in a flash of prescience that there was no earthly future for our sweet Cecily?
The second reading confirmed her in a resolution which she had privately taken, while she had been sitting by Anne on the sofa--a resolution destined to lead to far more serious results in the future than any previsions of hers could anticipate.
She was now looking by anticipation at her own future.
What mysterious results was the future reserving for the investigation of science?
I took it for granted that I should be a great man, because there was the power of becoming one within me; so I discounted all my future glory, without giving a thought to the patience required for the conception of a great work, nor of the execution, in the course of which all the difficulties of the task appear.
sir, I have not been punished more than I have deserved; and it shall be the whole business of my future life to deserve that happiness you now bestow on me; for, believe me, my dear uncle, my punishment hath not been thrown away upon me: though I have been a great, I am not a hardened sinner; I thank Heaven, I have had time to reflect on my past life, where, though I cannot charge myself with any gross villany, yet I can discern follies and vices more than enough to repent and to be ashamed of; follies which have been attended with dreadful consequences to myself, and have brought me to the brink of destruction.