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''Adapted from [http://en.wikipedia.org/w/index.php?title=Futures_contract Wikipedia]''<br> | ''Adapted from a much longer [http://en.wikipedia.org/w/index.php?title=Futures_contract Wikipedia article]''<br> | ||
In [[finance]], a '''futures contract''' is a standardized [[contract]] between two parties to buy or sell a specified asset of standardized quantity and quality for a price agreed today (the "'''futures price'''" or "'''[[strike price]]'''") with delivery and payment occurring at a specified future date (the "'''delivery date'''"). | In [[finance]], a '''futures contract''' is a standardized [[contract]] between two parties to buy or sell a specified asset of standardized quantity and quality for a price agreed today (the "'''futures price'''" or "'''[[strike price]]'''") with delivery and payment occurring at a specified future date (the "'''delivery date'''"). | ||