Sentences with phrase «at a specified time in the future»

(A Futures contract is a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future.)
In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future.
For example, the RBA can enter into a swap to buy foreign exchange from banks for Australian dollars, with an agreement to sell the foreign exchange back, at an agreed exchange rate, at a specified time in the future.
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