futures contract

Concept

standardized legal agreement to buy or sell something (usually a commodity or financial instrument) at a predetermined price (“forward price”) at a specified time (“delivery date”) in the future

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AI & Logical Induction - Computerphile

AI & Logical Induction - Computerphile

Computerphile

A financial contract obligating the buyer to purchase or the seller to sell a predetermined asset at a specified future date at a price agreed upon today, used as an example for prediction markets.