Nearby futures contract

Nearby futures contract,

Definition of Nearby futures contract:

  1. A contract for assets (especially commodities or shares) bought at agreed prices but delivered and paid for later.

  2. The future or option with the shortest maturity or settlement date. The next closest futures contract is one that settles just after the nearby futures contract, called the next futures contract. The contract furthest out from its settlement date is called the most distant futures contract.

How to use Nearby futures contract in a sentence?

  1. The existence of futures contracts allows sellers or buyers to hedge against risk.

Meaning of Nearby futures contract & Nearby futures contract Definition