Forward contract (远期合约 yuǎnqī héyuē) is an agreement (合约 héyuē) between two parties to buy or sell an asset at a specified price on a specified future date.
- 远 (yuǎn) as in distant place (远方 yuǎnfāng) or distant relative (远亲 yuǎnqīn).
- 期 (qī) as in date (日期 rìqī) or deadline (期限 qīxiàn).
- 合 (hé) as in cooperate (合作 hézuò).
- 约 (yuē) as in appointment (预约 yùyuē) or restrain (约束 yuēshù).
Forward contract (远期合约 yuǎnqī héyuē)word examples:
- Forward (远期 yuǎnqī) as in forward rate (远期利率 yuǎnqī lìlǜ).
- Contract (合约 héyuē or 合同 hétóng) as in sales contract (销售合同 Xiāoshòu hétóng).
- Financial forward contract (金融远期合约 jīnróng yuǎnqī héyuē).
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