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A unit of trading for a financial or commodity future; the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange.

Related Terms:

Definitive Agreement
The definitive agreement is a legally binding contract between a buyer and seller detailing the terms ...

Futures Contracts
Agreement to buy or sell an underlying security at a predetermined date at an agreed price. ...

A term used to designate all contracts covering the purchase and sale of financial instruments or ...

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