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Encyclopedia Britannica



FUTURES

This article appears in Volume V11, Page 375 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: FRA-GAE
FUTURES , a
term
  used in the produce markets for purchases or sales of commodities to be completed at a future date, as opposed to
cash
  or " spot " transactions, which are settled immediately. See MARKET, and (for a detailed discussion of the question as affecting
cotton
 )
COTTON
 : Marketing and Sup ply.


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