Related Words

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

Next Generation Water Level Measurement System (NGWLMS): A fully integrated system encompassing new technology sensors and recording equipment, multiple data transmission options, and an integrated data processing, analysis, and dissemination subsystem.

Next Day Settlement: Transaction in which the contract is settled the day after the trade is executed. See: Settlement date.

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

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

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

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: A contract that, in exchange for the option price, gives the option buyer the right, but not the obligation, to buy (or sell) a financial asset at the exercise price from (or to) the option . . . 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