Duhaime's Law Dictionary


Forward Contract Definition:

An agreement to buy or sell a specified thing at a fixed price at some future date.

In Placer Dome, ¶43, Justice Armstrong of the Ontario Court of Appeal adopted these words to define a forward contract:

"An agreement to buy or sell a particular non-standard asset (usually currency) at a fixed price on a future date."

REFERENCES:

Categories & Topics:


Always looking up definitions? Save time with our search provider (modern browsers only)

If you find an error or omission in Duhaime's Law Dictionary, or if you have suggestion for a legal term, we'd love to hear from you!