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.
A futures contract is an agreement between two parties: i) the short position - the party who agrees to deliver a commodity for the agreed upon price, and ii) the long position - the party who agrees to receive a commodity and pay the agreed upon price.