Pericoronitis can be tricky to treat because the flap of gum tissue won't go away until the wisdom tooth emerges naturally or until the tissue is removed. Your dentist will clean the area thoroughly to remove damaged tissue or pus. If the area is infected, you'll be given oral antibiotics.
Futures contract. Definition: A legally binding agreement to buy or sell a commodity or financial instrument in a designated future month at a price agreed upon at the initiation of the contract by the buyer and seller. Futures contracts are standardized according to the quality, quantity, and delivery time and location for each commodity.
DEFINITION of 'Forward Contract'. A customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging. Unlike standard futures contracts, a forward contract can be customized to any commodity, amount and delivery date. A forward contract settlement can occur on a cash or delivery basis.