Junior Science Refresher

Junior Science Refresher

Junior Science Refresher  Published this article ask more questions and gather more information before you open an account. commodity futures and option contracts: a futures contract is a legally binding agreement between two parties to buy or sell a specific financial product or commodity in the future on a designated exchange for a specific quantity of a commodity at a specific price. the buyer and seller of a futures contract will agree now on a price for a product to be delivered or paid for at a specifically set date and time in the future which is known as the settlement date. actual delivery of the commodity can take place in fulfillment of the contract but most futures contracts are actually closed out or offset prior to delivery. an option on a commodity futures contract is a legally binding agreement between two parties that gives the buyer who pays a market determined price known as a premium the right (but not the obligation) within a specific time period to exercise his option junior science refresher magazine subscription.

Junior Science Refresher