In finance, a forward contract or simply a forward is a non-standardized contract between two parties to buy or to sell an asset at a specified future time at a price agreed upon today, making it a type of derivative instrument.n a currency forward, the notional amounts of currencies are specified (ex: a contract to buy $100 million Canadian dollars equivalent to, say $114.4 million USD at the current rateâthese two amounts are called the notional amount(s)).
The moon's 29.5 day synodic month was the basis of lunar calendars throughout the course of history. While a lunar calendar was convenient, it presented an immediate challenge: Compared to the solar year of 365 days, a lunar year lasts an average of 354 days. Some groups decided to ignore this discrepancy.
Technically each cardinal phase (First Quarter, Full, Last Quarter and New) are all momentary events. They occur at specific times and then pass immediately. A better way to ask the question is to ask how much time passes BETWEEN each phase. The answer to that question is 29.5 / 4 days. 29.5 days is the number of days that it takes for the moon to cycle through it's phases (called the synodic month)... The interstitial phases (Waxing Cresent, Waxing Gibbous, Waning Gibbous, and Waning Cresent) also last 29.5 / 4 days each... Hope that helps.