Examlex
The price of a given good is likely to be less variable with speculators than it would be without speculators.
Payoff
The potential gain or loss that will result from a specific investment or decision.
Ounce
A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.
Futures Contract
A standardized legal agreement to buy or sell an asset at a predetermined price at a specified time in the future.
Futures Contract
A futures contract is a standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.
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