Other Free Encyclopedias » Law Library - American Law and Legal Information » Free Legal Encyclopedia: Freedom of association to Good Will

Futures

commodities standard

Contracts that promise to purchase or sell standard commodities at a forthcoming date and at a fixed price.

This type of contract is an extremely speculative transaction and ordinarily involves such standard goods as rice or soybeans. Profit and loss are based upon promises to deliver—as opposed to possession of—the actual commodities.

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or