forward
A forward is an agreement (other than a future) to make or take delivery in the future of one or more underlying interests, or effect a cash settlement, based on the actual or expected price, level, performance, or value of such underlying interests.
forward
A forward is an agreement (other than a future) to make or take delivery in the future of one or more underlying interests, or effect a cash settlement, based on the actual or expected price, level, performance, or value of such underlying interests.
Additional Information
The expression does not mean or include spot transactions effected within customary settlement periods, when issued purchases, or other similar cash market transactions.
