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A futures contract is a agreement, made in trading to buy or sell at a predetermined price at a specified time in the future.
Future contract is the agreement made between the buyer and seller for a predetermined price and the settlement has to be done on or before the expiry date.
Agreed deal price between Seller and Buyer with Rights & obligations for the Contract period.
A futures contract gives the buyer the <i>obligation</i> to purchase a specific asset, and the sellers to sell and deliver that asset at a specific future date, unless the holder’s position is closed prior to expiration
It is an agreement to buy or sell a share in future date at a price determined in present date.
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