(FINANCE) a financial derivative that consists of a contract to buy a fixed amount of a thing at a fixed price at a fixed time in the future,. For example, a commodity future may specify 1000 British barrels (bbl) of West Texas Intermediate (WTI) crude oil for $85.75/bbl, for delivery at Cushing, OK, on 31 November 2010.
Futures are "written" by the person with the commodity to sell, and sold to either a financial speculator or else to someone who wants the product--in this case, an oil refinery. Sellers/owners do this because they want to be assured of a fixed price for the thing they're selling. The official reason for buying a future is to get a fixed price for something. This allows businesses to plan ahead.
However, since futures contracts are traded on secondary markets, it's possible to make (or lose) a lot of money trading them.
Futures are "written" by the person with the commodity to sell, and sold to either a financial speculator or else to someone who wants the product--in this case, an oil refinery. Sellers/owners do this because they want to be assured of a fixed price for the thing they're selling. The official reason for buying a future is to get a fixed price for something. This allows businesses to plan ahead.
However, since futures contracts are traded on secondary markets, it's possible to make (or lose) a lot of money trading them.
SOMEBODY: A futures contract can be extremely valuable for doing business. One of the best examples was Southwest Airlines, which weathered the oil crisis of 2007-2008 with futures for aviation fuel. When the market price of fuel doubled, Southwest was able pay a low, low contract price.
SOMEBODY ELSE: Doesn't it ever backfire?
SOMEBODY: Yes, the market price could fall through the floor and you'd be stuck paying THAT instead of the new, lower price. But at least you know what your cash flow will be.
SOMEBODY ELSE: Doesn't it ever backfire?
SOMEBODY: Yes, the market price could fall through the floor and you'd be stuck paying THAT instead of the new, lower price. But at least you know what your cash flow will be.
by Abu Yahya April 5, 2010
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Steve: Oh dude I was just staring at that girl while zoning out.
Joe: Good thing you broke eye contact with her or she'd think you were a creep!
ex 2:
When the teacher announced that we were going to work in partners, me and Julie instantly made eye contact and nodded.
Steve: Oh dude I was just staring at that girl while zoning out.
Joe: Good thing you broke eye contact with her or she'd think you were a creep!
ex 2:
When the teacher announced that we were going to work in partners, me and Julie instantly made eye contact and nodded.
by onaboatmotherfucker April 5, 2010
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by King Listo December 6, 2017
Get the Constructs mug.Eyes are the windows through which we can peep into each other's souls. Those pupils are like the oceans but be careful you can dive in them and also sometimes suffocate and die in them.
Making eye contact is that process and the by-products may be
1. Butterflies
2. Blush
3. Happiness
4. Weird feeling
5. Anxiety
6. Goosebumps
7. Arousal
8. (In the worst case) kids
Making eye contact is that process and the by-products may be
1. Butterflies
2. Blush
3. Happiness
4. Weird feeling
5. Anxiety
6. Goosebumps
7. Arousal
8. (In the worst case) kids
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Get the Eye contact mug.an assassion for hire. paid to kill, and not leave a trace of evidence that can lead back to the customer.
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Get the Contract Killer mug.Scott timed his fart perfectly as Jono walked past thus using Jono as his contracted crop duster to delightfully distribute the scent of his fart to share with others.
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