Futures contract
An agreement to buy or sell a specific quantity of a commodity or financial instrument at a specified price on a particular date in the future.
Concept at a glance
Definition and explanation
An agreement to buy or sell a specific quantity of a commodity or financial instrument at a specified price on a particular date in the future. [1]
Frequently asked questions
What does Futures contract mean in the cited reference?
An agreement to buy or sell a specific quantity of a commodity or financial instrument at a specified price on a particular date in the future. [1]
Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.