Definition of forward contract in English:

forward contract

Syllabification: for·ward con·tract

Entry from US English dictionary

noun

Finance
An informal agreement traded through a broker-dealer network to buy and sell specified assets, typically currency, at a specified price at a certain future date. Compare with futures contract.

Definition of forward contract in:

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Word of the day apposite
Pronunciation: ˈapəzɪt
adjective
apt in the circumstances or relation to something