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commodity future
com·mod·i·ty fu·ture (plural com·mod·i·ty fu·tures)


noun 
Definition:
 
contract to buy commodity: a contract for purchase of a commodity in the future at a price agreed now
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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