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Future (See Chapter 49 of the Vernimmen)
A future is a firm commitment traded on an Organised market to buy or sell an agreed upon quantity of an asset at an agreed upon price on an agreed upon date. The actual delivery of an asset almost never takes place, with parties paying the difference between the agreed upon price and the current market price for the asset.
Future (See Chapter 49 of the Vernimmen)
A future is a firm commitment traded on an Organised market to buy or sell an agreed upon quantity of an asset at an agreed upon price on an agreed upon date. The actual delivery of an asset almost never takes place, with parties paying the difference between the agreed upon price and the current market price for the asset.
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