What is Futures contract?

[veda]

Buy or sell the trade deals at the future date at the agreed price by both is called as future contract.

[Raghu.O.Nair]

Future contract is a contract which is executable on a future date at an agreed price.

[Tamil Selvam J]

A legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

[Gopalan R S]

Future contract is a derivative market instrument and a forward contract. The traders buy/sell the contract and has an expiry date/maturity date. The traders both buyers and sellers have rights.

[vinitha]

Futures contract that comes under the derivative market.Both the buyers and sellers signed the contract and the settlement takes place on specified expiry date.

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