Consider the following equation: C = S × N 
- PV(K) × N 
In this equation,the term S represents
Definitions:
Cash-Settled Contract
A financial agreement where the difference in the value of a contract is exchanged in cash rather than through physical delivery of goods or assets.
Agricultural Contract
A contract for the future sale or purchase of agricultural products, such as crops or livestock.
Financial Future
A contract to buy or sell a specified asset at a predetermined price at a specified time in the future, often used to hedge risk or speculate.
Commodity Future
A commodity future is a legally binding agreement to buy or sell a particular commodity asset, or its monetary equivalent, at a predetermined price at a specified time in the future.
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