Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
derivative instrument | Yes | No | No | No |
futures contract | Yes | No | No | No |
derivative instrument (noun) | futures contract (noun) |
---|---|
a financial instrument whose value is based on another security | an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date |