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Swap Contract
A financial agreement where two parties agree to exchange the cash flows or liabilities from two different financial instruments.
Spot Price
Spot Price is the current market price at which a particular asset, such as commodities, securities, or currencies, can be bought or sold for immediate delivery.
Futures Contract
A formalized agreement that obligates the purchase or sale of a specific commodity or asset at an agreed-upon price at a future date.
Forward Contract
A non-standardized agreement to buy or sell an asset at a future date for a price agreed upon today.
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