Sentences with phrase «price at a certain date in the future»
Not exact matches
The contract is an agreement, or promise, for the buyer to purchase oil at a certain price in the future (the spot price) at a certain date in the future (the contract's maturity) from the seller.
http://www.wisestockbuyer.com/
While it's possible to invest directly in commodities (say, by buying 10,000 pounds of sugar), most commodities are traded through «futures contracts» — a promise to buy or sell a certain amount of the commodity at a specified price on a certain date.