Forward

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Related to forwards: Currency Forwards

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 ?
Then Galazi, too, bounded forward, and the Wolf-Brethren sped down the hill, the length of four spears between them.
I saw the latter take a step forward, and interposed.
More than one leaped into the air and fell forward upon their faces.
At such a moment as this, came from away forward that most appalling of all cries that are ever heard at sea:
I looked forward to a time at which it would be safe for me to escape.
Glad it's a typhoon from the south, for it will carry us forward.
If the din meant that now his army's flags were tilted forward he was a condemned wretch.
They accordingly took up their line of march down the course of the Missouri, keeping the main Blackfoot trail, and tramping doggedly forward, without stopping to set a single trap.
Hunt had suggested, in their present extremity, that it should be killed for food; to which the half-breed flatly refused his assent, and cudgeling the miserable animal forward, pushed on sullenly, with the air of a man doggedly determined to quarrel for his right.
Give good hearing to those, that give the first information in business; and rather direct them in the beginning, than interrupt them in the continuance of their speeches; for he that is put out of his own order, will go forward and backward, and be more tedious, while he waits upon his memory, than he could have been, if he had gone on in his own course.
I ran forward, and saw them curling and leaping in the hell-mouth of the hold.
The excitement in Twala's camp on the plain beyond was very great, and regiment after regiment was starting forward at a long swinging trot in order to reach the root of the tongue of land before the attacking force could emerge into the plain of Loo.