A Forward Contract Is

A forward contract is:

A) a contract to buy (or sell) a particular type of security or commodity from (or to) the futures exchange during a predetermined future time.
B) a contract that guarantees delivery of a certain amount of goods,such as foreign currency,for exchange into a specific amount of another currency,such as dollars,on a specific day in the future.
C) an exchange of assets or income streams for equivalent assets or income streams with slightly different characteristics.
D) short financial contact to hedge market risk.