Long-term forward contracts

0.03 sec.

Contracts that state exchange rate at which a specified amount of a particular currency can be exchanged at a future date (more than one year from today).

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Packers also use captive supplies - livestock they buy under premium long-term forward contracts that are kept secret between them and the largest producers - to control the market, reduce fair competition, and keep prices to independent producers down.

Farm Groups, Including National Farm Action Campaign, Warn Congress ... by Business Wire

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