Series 79: Forward Contract

Taken from our FINRA Investment Banking Exam

Definition of the term Forward Contract...

an agreement to buy or sell an asset at a future date at a specified price that is specially arranged between the buyer and seller and does not trade on an exchange.

Since you're reading about Series 79: Forward Contract, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!