Futures market
Futures market
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Energy glossary
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Futures market
Meaning of term futures market
Arrangement through a contract for the delivery of a commodity at a future time and at a price specified at the time of purchase. The price is based on an auction or market basis. This is a standardized, exchange-traded, and government regulated hedging
Source: http://www.desc.dla.mil/dcm/files/all%20inclusive%20energy%20glossary.xls
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