An agreement that provides for the future delivery or receipt of an asset at a specified date for a specified price is a

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A futures contract is an agreement to buy or sell an asset, such as a commodity or financial instrument, at an agreed-upon price and date in the future. It is a type of derivative contract that is traded on an exchange and is standardized in terms of contract size, delivery date, and settlement procedures. The purpose of the futures market is to enable buyers and sellers to manage price risk and to provide liquidity for the underlying asset. A Eurobond contract is a type of bond that is issued and traded outside of the issuer's home market, while a put option contract gives the holder the right but not the obligation to sell an asset at a specified price and time. A call option contract, on the other hand, gives the holder the right but not the obligation to buy an asset at a specified price and time. A warrant contract is similar to a call option but is typically issued by a company and entitles the holder to buy shares in the issuing company at a predetermined price.

An Agreement That Provides for the Future Delivery or Receipt