Related Words

Passage Contract: Detailed terms of responsibility and accountability found in the cruise ticket.

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

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

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

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

Mirror Passage: A section of a story that might not contribute directly to the plot (i.e., it contains characters divorced from the main narrative, and the events it deals with do not further the action) bu . . . View Full Definition

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

Office Of Federal Contract Compliance (OFCCP): Division of the Employment Standards Administration in the Department of Labor responsible for enforcing three statutes for federal contractors and subcontractors: Executive Order No. 11246, . . . 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

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