Forward is a market similar to futures in terms of deferred deliveries. However, notable differences include the lack of contract standardization, the lack of a central clearinghouse, the potential for substantial counterparty risk, but it allows contractual term customization and deliveries at times, points and grades other than those listed for futures contracts. It is also used to refer to the bank currency market.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). forward. Retrieved September 22, 2026, from http://smartdefine.org/forward/definitions/1154443 |
| Chicago | Barry Goldsmith. 2010. "forward" http://smartdefine.org/forward/definitions/1154443 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, forward, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/forward/definitions/1154443>. |
| MLA | Barry Goldsmith. "forward" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/forward/definitions/1154443> |