Futures is a financial agreement to buy and sell assets such as shares, commodities on a specified date in the future at a fixed price. The Futures can be trades on the financial market imposing on the buyer an obligation to buy agreed assets, and the Futures trading is a zero-sum game. A Futures Contract is a contract between two parties where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price, at a specified date in future.
Related Definitions in the Project: The Commercial Definitions