[blank] is a contract to buy or sell a stated commodity or financial claim at a specified price at some future specified time.

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A futures contract is a type of derivative contract that involves an agreement between two parties to buy or sell a specific asset at a future date for a predetermined price. It is commonly used in commodities, such as agricultural products or metals, as well as financial instruments, such as currencies or stock indices.

[Blank] Is a Contract to Buy or Sell a Stated