forward contract


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Related to forward contract: hedging, Option contract, Future Contract

forward contract

n.
A contract that obligates the holder to buy or sell an asset at a set price on a specified date in the future.
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In exercise of the powers conferred by section 11C of the Central Excise Act, 1944 (1 of 1944), read with section 83 of the Finance Act, the Central Government hereby directs that the service tax payable on the services provided by an authorised person or sub-broker to the member of a recognised association or a registered association, in relation to a forward contract, shall not be required to be paid in respect of such taxable service on which the service tax was not being levied during the period commencing from the 10th day of September 2004 and ending with the 30th day of June 2012 in accordance with the prevalent practice.
The court ruled that a third contract under which the gasoline was supplied was not a forward contract and was not subject to the safe harbor defense to preference claims.
M2 EQUITYBITES-April 3, 2012-Peab purchases shares of Lemminkainen under forward contract option(C)2012 M2 COMMUNICATIONS http://www.
For certain foreign currency derivatives, such as a foreign currency forward contract, Sec.
Essentially, the EITF's position is that ASRs should be accounted for as two separate transactions: a treasury stock acquisition, and a party to a forward contract that allows for settlement in corporate stock.
Beef farmers have been cautioned to take care before agreeing to a forward contract which could see them out of pocket.
The requirements of this Statement apply to issuers' classification and measurement of freestanding financial instruments, including those that comprise more than one option or forward contract.
While the static approach of simply holding the unaltered forward contract may turn out to be more profitable than a dynamic risk management alternative in any single situation, in the long run, the firm that reacts to changing risks and opportunities in a disciplined and businesslike manner should have a considerable advantage over a competitor who categorically ignores available information.
Similar rights had previously been given to stock brokers, financial institutions, and clearing agencies with respect to securities contracts and commodity brokers and forward contract merchants with respect to commodities and forward contracts.
De Beers Auction Sales today launched forward contract sales to offer customers the opportunity to bid for future supply of the types and quantities of rough diamonds they require, when they require them.