future contract

future contract
future contract n: futures contract at contract

Merriam-Webster’s Dictionary of Law. . 1996.

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  • CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …   Encyclopedia of Judaism

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  • future — fu·ture n: a contract traded on an exchange in which a party agrees to buy or sell a quantity of a bulk commodity (as soybeans) at a specified future date and at a set price usu. used in pl. ◇ If the price of the commodity has gone up when the… …   Law dictionary

  • contract to sell — ˌcontract to ˈsell noun contracts to sell PLURALFORM [countable usually singular] COMMERCE LAW a contract in which one person or company agrees to sell something and another agrees to buy it at a future time, for example when it is made or built… …   Financial and business terms

  • Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations …   Catholic encyclopedia

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  • future — [fyo͞o′chər] adj. [ME futur < OFr < L futurus, about to be, used as fut. part. of esse, to be] 1. that is to be or come; of days, months, or years ahead 2. Gram. indicating time to come [the future tense of a verb] n. 1. the time that is to …   English World dictionary

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