A contract obligating one party to buy and another other party to sell a financial instrument, equity, commodity or currency at a specific future date.

Use forward in a sentence

Looking forward, we expect our asset value to increase due to rising land values and the likelihood of increased sales.

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The forward contract was created so we could expect that transaction to take place in the near future as we needed it to.

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My boss was smart in hedging against increased fuel prices in the future because he signed a forward contract with another company in which they agreed to sell us jet fuel at the same price in the future.

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