Contracts for the sale/purchase of a specified quantity of a financial instrument, currency, or commodity at an agreed-upon price on a given future date. Unlike an option, a forward contract obligates both parties to consummate the transaction.' forwards' are very similar to futures - the principal difference is that futures are almost always exchange traded while forwards are traded over the counter.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). forwards. Retrieved September 20, 2026, from http://smartdefine.org/forwards/definitions/1154483 |
| Chicago | Barry Goldsmith. 2010. "forwards" http://smartdefine.org/forwards/definitions/1154483 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, forwards, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/forwards/definitions/1154483>. |
| MLA | Barry Goldsmith. "forwards" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/forwards/definitions/1154483> |