An IT Contractor is a person that gets paid huge amounts of money for doing nothing at all. The IT Contractor first came into its own in 1999 when the world was conned into thinking all computers would crash at midnight , news years day 2000. This was the biggest scam of all time and has for ever since been a legend in IT Contracting circles.
Contractors can be seen most, if not all evenings, occupying large tables in Bars / Pubs and talking about how good Linux is and how end users are thick cunts.
See also Lazy Cunt , Idle , Scammer , Useless Tossers , Booze, Alcoholic
Contractors can be seen most, if not all evenings, occupying large tables in Bars / Pubs and talking about how good Linux is and how end users are thick cunts.
See also Lazy Cunt , Idle , Scammer , Useless Tossers , Booze, Alcoholic
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(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.
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by DragonicUser February 5, 2005
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