Forward Contract

Business / Agriculture / Forward Contract: A cash transaction common in many industries, including agricultural commodity merchandising, in which a commercial buyer and seller agree upon delivery of a specified quality and quantity of goods at a specified future date. A price may be agreed upon in advance, or there may be agreement that the price will be determined at the time of delivery. Forward contracts, in contrast to futures contracts, are privately negotiated and are not standardized.

Other Words for Contract

Contract Verb Synonyms: catch, acquire, get, come down with, develop, become infected with, go down with
Contract Noun Synonyms: engage, agree, promise, covenant, undertake
Contract Adjective Synonyms: agreement, understanding, deal, bargain, arrangement, pact, commitment, obligation, compact
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Other Words for Forward

Forward Noun Synonyms: advance, leading, foremost, front, head, first
Forward Adjective Synonyms: (well-)advanced, (well-)developed, progressive, precocious, forward-looking
Forward Adverb Synonyms: advance, further, promote, back, foster, support, aid, assist, help, patronize, encourage, nourish, nurse along
Forward Verb Synonyms: speed (up), accelerate, advance, hasten, expedite, hurry, quicken, step up
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Forward Cover

Business / Finance / Forward Cover: A contract that specifies the price and quantity of an asset to be delivered on in the future. Forward contracts are not standardized and are not traded on organized exchanges MORE

Forward Delivery

Business / Finance / Forward Delivery: The purchase in the cash market of the difference between what you are obligated to deliver in a forward contract and the amount of the asset you own. For example, if you agreed to sell 100,000 bushel MORE

Forward Selling

Business / Agriculture / Forward Selling: Forward contracting in which the price is fixed at the time the contract is entered. MORE

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