Im having a baby and i love the name Ellie but don't know what the full name should be?
In finance, a futures contract (more colloquially, futures) is a contract between two parties to buy or sell an asset for a price agreed upon today (the futures price) with delivery and payment occurring at a future point, the delivery date.
Like all financial derivatives, futures have a finite lifespan and both parties still holding in the futures contract through expiration date is expected to fulfill the terms of the contract and either exchange the actual underlying asset (physical settlement) or the cash difference (cash settlement).