Related Words

Most Distant Futures Contract: When several futures contracts are considered, the contract settling last. Related: Nearby futures contract.

Nearby Futures Contract: When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the 'next out') futures contract is the one t . . . View Full Definition

New York Futures Exchange (NYFE): A wholly owned subsidiary of the NYSE that trades futures and futures options on the NYSE composite index.

Next Futures Contract: The contract settling immediately after the nearby futures contract.

National Futures Association (NFA): The futures industry self-regulatory organization established in 1982.

Most-Favored-Nation Treatment (MFN): A commitment that a country will extend to another country the lowest tariff rates it applies to any third country. MFN is a basic principle of the General Agreement on Tariffs and Trade (GA . . . View Full Definition

Mostosa: Rare variety, used for white wine production, currently only found in the Emilia-Romagna region of Italy. Has several synonym names including Pagadebito, Pagadebit (Gentile), Uva Barile and . . . View Full Definition

Nexus (Of Contracts): A set or collection of something.

No Capacity To Contract: The inability of a person to enter into a valid contract under any circumstances. Such inability can arise when a person has been adjudicated insane or is an officer of a corporation who is . . . View Full Definition

Options Contract Multiple: A constant, set at $100, that when multiplied by the cash index value gives the dollar value of the stock index underlying an option. That is the dollar value of the underlying stock index = . . . View Full Definition