Examlex
Distinguish between estuaries, lagoons, and marginal seas and give an example of each.
Forward Contract
A bespoke contract between two parties for the future exchange of an asset, set at a price determined today, to occur at a specific later date.
Spot Market Price
The current market price at which a particular asset, such as a commodity, currency, or security, can be bought or sold for immediate delivery.
Contract Price
The agreed-upon price for goods or services detailed in a contractual agreement.
Swap Contract
A financial agreement between two parties to exchange sequences of cash flows for a set period of time according to a specified formula.
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