Related Words

Bulk Contract: An airline sells a large quantity of seats at a low charge for a resale by a third party.

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

Marketing Contract: Prices (or pricing mechanisms) are established for a commodity before harvest or before the commodity is ready for marketing. Most management decisions remain with the grower, who retains ow . . . View Full Definition

Lanthanide Contraction: An effect that causes sixth period elements with filled 4f subshells to be smaller than otherwise expected. The intervention of the lanthanides increases the effective nuclear charge, which . . . View Full Definition

Land Contract: A land contract is a real property sales contract.

Land Management Services Contracts: A proposed national forest timber sale contract where purchasers would be required to perform activities, other than those directly related to timber cutting and removal, in or near the sale . . . View Full Definition

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

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

Open Contracts: Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.

Optimal Contract: The contract that balances the three types of agency costs (contracting, monitoring, and misbehavior) against one another to minimize the total cost.