Examlex
The surrender of depreciated boot (fair market value is less than adjusted basis) in a like-kind exchange can result in the recognition of loss.
Delivery Date
The specific date on a futures or options contract on which the underlying asset must be delivered or settled.
Futures Contracts
Standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future.
Organized Exchange
A regulated market where securities, commodities, derivatives, and other financial instruments are traded.
Forward Contracts
A financial contract between two parties to buy or sell an asset at a predetermined future date for a price agreed upon today.
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