Forward


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Related to Forward: Forward contract

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 ?
The men wavered in indecision for a moment, and then with a long, wailful cry the dilapidated regiment surged forward and began its new journey.
Within him, as he hurled himself forward, was born a love, a despairing fondness for this flag which was near him.
Numa gave a nervous start and attempted to break away; but Tarzan held him and, leaping to his feet, ran forward, dragging Numa after him.
Tarzan pushed Numa forward until his head was almost in the aperture, then as though it were an afterthought, he turned quickly and, taking the machine gun from the parapet, placed it in the bottom of the hole close at hand, after which he turned again to Numa, and with his knife quickly cut the garters that held the bags upon his front paws.
Now - the glass again - he has tired of his failure, or sees his error, or has gone mad; he is dashing directly forward at the wall, as if to take it at a leap, hedge and all!
Again the spell is broken; our men attempt to cheer; they are choking with emotion; they utter hoarse, discordant cries; they clutch their weapons and press tumultuously forward into the open.
"Wouldn't it be better if you went forward, say by the steerage companion-way, until it is over?" I suggested.
Their movements perceptibly quickened under his coaching, and as the boat swung inboard I was sent forward to let go the jibs.
He reefed all sail, the pole-masts were dispensed with; all hands went forward to the bows.
It was a favourable change, and the Tankadere again bounded forward on this mountainous sea, though the waves crossed each other, and imparted shocks and counter-shocks which would have crushed a craft less solidly built.
You have hats--go forward and bail for your lives!"
The chains that held my left leg were about two yards long, and gave me not only the liberty of walking backwards and forwards in a semicircle, but, being fixed within four inches of the gate, allowed me to creep in, and lie at my full length in the temple.