Assertion: forward contract | /r/HasProperty | private agreement
Facets:
value: between sellers
type: OTHER
value: between buyers
type: LOCATION
value: between two parties
type: OTHER
Source sentences:
text: A forward contract is a private agreement between two parties giving the buyer an obligation to purchase an asset (and the seller an obligation to sell an asset) at a set price at a future point in time.
text: These forward contracts were private contracts between buyers and sellers and became the forerunner to today's exchange-traded futures contracts.
text: Firstly, futures contracts are highly standardised to enable trading on a futures exchange, whereas as we’ve seen, forward contracts are private agreements whose terms are customised to suit both parties.