Generally, any purchase or sale of a commodity today but with delivery at a later date (any buy or sell transaction with delayed performance). – See futures, option, forward transaction in the narrower sense, futures exchange, forward contract.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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