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 a commodity, currency, or financial instrument at a predetermined date in the future at a specified price. It is considered a type of derivative contract, and it is commonly used by investors to hedge risk or speculate on the direction of prices. The other options are also types of derivatives, but they do not involve a commitment to buy or sell an asset in the future. Eurobonds are bonds issued outside the country of their currency denomination. Put and call options are contracts that give the holder the right, but not the obligation, to sell or buy an asset at a predetermined price, respectively. Warrants are similar to options but are usually issued by a company and give the holder the right to buy new shares at a predetermined price.

An Agreement That Provides for the Future Delivery or Receipt