front
Language: English
Part of speech: adj
Pronunciation: ipa: /fɹʌnt/
rhymes: -ʌnt
Forms: form: further front
form: farther front
form: furthest front
form: farthest front
Etymology: From Middle English front, frunt, frount, from Old French front, frunt, from Latin frōns, frontem (“forehead”). Doublet of frons.
Senses: examples: text: The front runner was thirty meters ahead of her nearest competitor.
glosses: Located at or near the front.
examples: text: The English word dress has a front vowel in most dialects.
topics: human-sciences
linguistics
phonetics
phonology
sciences
glosses: Pronounced with the highest part of the body of the tongue toward the front of the mouth, near the hard palate (most often describing a vowel).
examples: text: Contracts are available for every month in the front year but do not extend over a year.
ref: 1995, Ignacio Mas, Jesús Saá-Requejo, Using Financial Futures in Trading and Risk Management, World Bank Publications, page 11:
text: Contract months : March, June, September and December[.] Minimum price fluctuation : 0.005 Index Point (1/2 basis point) equivalent to USD 12.50 per tick for the front-year Eurodollar futures[…]
ref: 2000, The Handbook of World Stock, Derivative & Commodity Exchanges:
text: The contract that will expire next is called the front contract or front month contract. The other contracts are called the back contracts. In financial and industrial commodities, traders mostly trade only the front month contract.
ref: 2003, Larry Harris, Trading and Exchanges: Market Microstructure for Practitioners, OUP USA, →ISBN, page 54:
text: Buying the security for the earlier (or “front”) month, and owning (and financing) it for the period ending with the latter (or “back” month) settlement date.
ref: 2010 December 30, Frank J. Fabozzi, Anand K. Bhattacharya, William S. Berliner, Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques, John Wiley & Sons, →ISBN, page 35:
text: To a speculator, a front month future is attractive. Refer to Figure 6-1 to see that both the open interest and the trading volume of the front-month contract exceeds that of all the other contracts.
ref: 2016 August 8, Steve Bell, Quantitative Finance For Dummies, John Wiley & Sons, →ISBN, page 113:
text: An alternative definition would estimate the slope using the front futures contract and the contract expiring 1 year after (these contracts are relatively liquid in the commodity markets).
ref: 2017 October 17, Emmanuel Jurczenko, Factor Investing: From Traditional to Alternative Risk Premia, Elsevier, →ISBN, page 359:
text: When the back contract has a higher PVBP than the front contract, fewer back contracts need to be bought or sold than front contracts are sold or bought. The PVBP-neutral roll ratio is simply the ratio of the front and back contracts[…]
ref: 2021 March 22, Alexander During, Fixed Income Trading and Risk Management: The Complete Guide, John Wiley & Sons, →ISBN, page 324:
text: This means that in absolute terms, the number of transactions that is triggered by external sources is highest for the front contract of corn.
ref: 2021 June 3, Mogens Steffensen, Risks: Feature Papers 2020, MDPI, →ISBN, page 109:
text: Going long the front futures contract and holding it a month in the example now produces a loss of $1 per barrel as the futures market converges to spot. And as long as the market is in a carry, this loss will happen continuously over[…]
ref: 2021 September 28, Todd E. Petzel, Modern Portfolio Management: Moving Beyond Modern Portfolio Theory, John Wiley & Sons, →ISBN, page 471:
synonyms: prompt
antonyms: back
glosses: Closest or nearest, of a set of futures contracts which expire at particular times, or of the times they expire; (typically, the front month or front year is the next calendar month or year after the current one).
Synonyms: sense: located near the front
word: first
sense: located near the front
word: lead
sense: located near the front
word: fore
Derived terms: frontfire
frontflip