Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
futures contract | Yes | No | No | No |
derivative instrument | Yes | No | No | No |
futures contract (noun) | derivative instrument (noun) |
---|---|
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 | a financial instrument whose value is based on another security |