uresIn the world of finance, there are many uncommon and niche terms used, which

uresIn the world of finance, there are many uncommon and niche terms used, which are alien to the rest of the world. Futures is one of those terms that is used to identify a form of a financial contract. Futures Contract is a standard contract, to buy or sell a certain asset at a certain date in the future, at a specific time. Usually futures contracts are traded on a futures exchange.The futures contract detail the quality, quantity and the price of the underlying asset. Usually there are many motives for making a futures contract. Since it is a business agreed to be performed in the future at a specific time and for a specific price, the buyer of the underlying asset is protected against the price fluctuations of the asse t in the market. This may resul t in profit or sometimes, a loss to the contract holder as there is an obligation to buy or sell at the specified price.Many contract s in the financial world assign the right to do something to the contract holder. Futures contractseStatus: 20

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