question for the Ace | Forex Trading and Money Exchange

question for the Ace
Posted 23 January, 2010 by Kellen K. Cooke from Gjumri
Dear Ace, i have a question to Your Aceness regarding a term i don't make out: what is forward buying contract?
Capital Ace Answers:
That's an important subject to understand, Kellen. Forward buying contract is A forward contract is an agreement between a buyer and a seller, calling for delivery of a specified amount of a specified asset at a specified future date. It is also an agreement on a specific price for the commodity.
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