Future

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Related to futures: futures market, Commodity Futures, Futures trading

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 ?
In the days that swiftly followed she was no longer herself but a strange, puzzling creature, wilful over judgment and scornful of self-analysis, refusing to peer into the future or to think about herself and whither she was drifting.
Van Brandt, unreservedly acknowledging that she had contemplated another future than the future now set before her.
Mary's future was now entirely in her lover's hands.
Will you always be to me, in the future, what you are now?
She turned away, weary of questioning the impenetrable future, and went back to the inn.
Her color rose, her eyes sparkled; she had never been so irresistibly beautiful as she looked at the moment when the new future disclosed itself, radiant with new hope.
What mysterious results was the future reserving for the investigation of science?
I hope your future behaviour will be my justification.
Let the future and the furthest be the motive of thy to-day; in thy friend shalt thou love the Superman as thy motive.
The second datum is that we certainly have more capacity for knowing the past than for knowing the future.
In my heart and my conscience I can say it, Laura's hopes for the future are at their lowest ebb.
Leave me to myself, if you please," she said, with impetuous haughtiness, "and for the future avoid me.