futures contract (1 Viewer)

[*hopeful*]

A futures contract is an agreement which gives the holder the right but not the obligation to buy (or sell) a specific security at a stipulated price within a stipulated period of time.

a. True
b. False

 

[AGB]

id say true (but i dont remember the exact definition and there could be some little wordy thing i have forgotten...but that definition is pretty much right)

 

[truly-in-bliss]

from ASX... i cant believe i still remember this 4 months after the HSC... haha

A legally binding agreement, 2 buy or sell a security, commodity or financial instrument @ a fixed price on a specified date in the future