Among several different futures contracts or options, describing the one with the longest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the furthest month futures contract is the one expiring in September.
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Of or relating to an option contract with a later expiration date than a contract that is currently owned or being considered. For example, a contract with a May expiration date is farther out than a contract with a February expiration date of the same year.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.