Futures Contract
An exchange traded contract generally calling for delivery of a specified amount of a particular financial instrument at a fixed date in the future. Contracts are highly standardized and traders need only agree on the price and number of contracts traded. 
 
        
        Originally written on 
        December 5, 2010 
        and last modified on 
        January 19, 2018.     
 	  
	  
        
    
                
 
                             
                                     
                                    