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Futures Contract
A standardized legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
Underlying Asset
The financial instrument (e.g., stock, bond, commodity, or currency) on which a derivative instrument, such as an option or futures contract, is based.
Corporate Bond Portfolio
A collection of corporate bonds held by an investor or managed by a financial institution.
T-bond Futures
Financial contracts obligating the buyer to purchase U.S. Treasury bonds at a specified price at a future date, used for hedging and investment purposes.
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