Also, the time between the deposit of a check in a bank and the check's payment. It can be an initial public offering or an offering of issues by companies that are already public. A condition that permits a company to depart from the strict terms of a contract because of an event or effect that can't be reasonably anticipated or controlled. A currency exchange contract that traders have agreed upon for a future date. Trade, usually at the current price, in which actual delivery and settlement is made at a future date.
Forward trade occurs in the commodity, foreign exchange, stock, bond and futures markets.
Employers frequently add matching contributions up to a set limit. Employees are responsible for managing the money themselves, allocating the funds among a selection of stock, bond and cash investment funds. Investment gains are not taxed until the money is withdrawn. A retirement-savings plan for employees of colleges, hospitals, school districts and nonprofit organizations. Employees manage the money themselves, selected from fixed and variable annuities, and mutual funds.