Share This Article:

Economic Definition of futures. Defined.

Offline Version: PDF

Term futures Definition: An agreement to complete the sale of a commodity at a pre-determined price on some future date. Much of the real stuff that consumers buy is what is usually termed a spot transactions. You buy the stuff, pay the price, and take it home with you. While financial markets have a substantial number of these spot transactions they are also heavily into futures transactions.

 

« full-reserve banking | G »

Permalink: http://glossary.econguru.com/economic-term/futures

Alphabetical Reference to Over 2,000 Economic Terms