An agreement traded on an organized exchange to buy or sell assets, especially commodities or shares, at a fixed price but to be delivered and paid for later. Compare with forward contract.
- The October average daily closing price for December Chicago Board of Trade futures contracts will determine the harvest price for corn crop revenue coverage.
- In Europe, when futures contracts have traded simultaneously on an exchange floor and on an electronic network, the liquidity has rapidly migrated online.
- When banks bought gilts or German bonds whose prices were falling, their systems automatically sold futures contracts in similar bonds to hedge their losses.
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Syllabification: fu·tures con·tract
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