Forward Contract
A cash market transaction in which delivery of the commodity is deferred until after the contract has been made. Although the delivery is made in the future, the price is determined on the initial trade date.

Investopedia Says:
Most forward contracts don't have standards and aren't traded on exchanges. A farmer would use a forward contract to "lock-in" a price for his grain for the upcoming fall harvest.

Related Terms:
Cash Market
Commodity
Currency Forward
Delivery Date
Derivative
Forward Price
Forward Rate Agreement - FRA
Fraption
Non-Deliverable Forward - NDF
Noon Average Rate Contract - NARC

• Trailing Twelve Months (TTM)
• Tranches
• Transaction
• Transaction Costs
• Transaction Exposure
• Transaction Risk
• Transfer
• Transfer Agent
• Transfer Of Risk
• Transfer On Death (TOD)
• Transfer On Death (TOD)
• Transfer Payment
• Transfer Price
• Transfer Procedures
• Translation Exposure
• Translation Risk
• Transparency
• Transportation Expenses
• Transportation Sector
• Traunch
• Traveler's Check
• Travel Expenses
• Treasury Automated Auction Processing System (TAAPS)
• Treasury Automated Auction Processing System (TAAPS)
• Treasury Bill (T-Bill)