Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Commodity Futures Trading Commission
A federal agency that supervises the trading of commodity futures and commodity options. -Abbr. CFTC.
Futures
n. 1. Standardized assets (such as commodities, stocks, or foreign currencies) bought or sold for future acceptance or delivery. -Also termed financial futures. 2. FUTURES CONTRACT. 3. Future claimants, esp. those who would become members of a class of persons injured by a defendant and thus included in a class action.
Proviso est providere praesentia et futures, non praeterita
A proviso is to provide for things present and future, not past.
financial futures
See FUTURES (1).
futures contract
See FUTURES CONTRACT.
futures contract.
An agreement to buy or sell a standardized asset (such as a commodity, stock, or foreign currency) at a fixed price at a future time, usu. during a particular time of a month. ( Futures contracts are traded on exchanges such as the Chicago Board of Trade or the Chicago Mercantile Exchange. - Often shortened to futures. - Also termed futures agreement; time-bargain. Cf. FORWARD CONTRACT; LEVERAGE CONTRACT; OPTION.
futures market
A commodity exchange in which futures contracts are traded; a market for a trade (e.g., commodities futures contracts and stock options) that is negotiated at the current price but calls for delivery at a future time. - Also termed forward market. See FUTURES CONTRACT.
futures market.
See MARXET,
futures option.
See OPTION.
futures trading.
The buying and selling of futures contracts, usu. on formal exchanges. future use. See contingent use under USE (4)