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Contracts or agreements giving the holder the right (but not the legal obligation as with futures contracts) to buy or sell a commodity (such as agricultural products, metals, and energy fuels) or a financial instrument or stock at a stipulated price, quantity, and time.
- Browse Related Terms: Cash market, Contango, Counterparty, Counterparty risk, Foreign exchange (FOREX), Forward contract, futures, options, Past Due Item, Spot market, Spot price
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