Meaning of the word futures in English

What does futures mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

futures

US /ˈfjuː.tʃərz/
UK /ˈfjuː.tʃərz/
"futures" picture

Plural Noun

1.

a commodity bought or sold at an agreed price for delivery at a specified future date

Example:
He trades in corn futures.
Oil futures rose sharply today.
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