forward contract

forward contract
Under Title 11 U.S.C. Section 101:
(25) The term "forward contract" means—
(A) a contract (other than a commodity contract, as defined in section 761) for the purchase, sale, or transfer of a commodity, as defined in section 761(8) of this title, or any similar good, article, service, right, or interest which is presently or in the future becomes the subject of dealing in the forward contract trade, or product or byproduct thereof, with a maturity date more than two days after the date the contract is entered into, including, but not limited to, a repurchase or reverse repurchase transaction (whether or not such repurchase or reverse repurchase transaction is a "repurchase agreement", as defined in this section) (1) consignment, lease, swap, hedge transaction, deposit, loan, option, allocated transaction, unallocated transaction, or any other similar agreement;
(B) any combination of agreements or transactions referred to in subparagraphs (A) and (C);
(C) any option to enter into an agreement or transaction referred to in subparagraph (A) or (B);
(D) a master agreement that provides for an agreement or transaction referred to in subparagraph (A), (B), or (C), together with all supplements to any such master agreement, without regard to whether such master agreement provides for an agreement or transaction that is not a forward contract under this paragraph, except that such master agreement shall be considered to be a forward contract under this paragraph only with respect to each agreement or transaction under such master agreement that is referred to in subparagraph (A), (B), or (C); or
(E) any security agreement or arrangement, or other credit enhancement related to any agreement or transaction referred to in subparagraph (A), (B), (C), or (D), including any guarantee or reimbursement obligation by or to a forward contract merchant or financial participant in connection with any agreement or transaction referred to in any such subparagraph, but not to exceed the damages in connection with any such agreement or transaction, measured in accordance with section 562.

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Look at other dictionaries:

  • forward contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Forward contract — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • forward contract — A contract entered into by two parties who agree to the future purchase or sale of a specified commodity. This differs from a futures contract in that the participants in a forward contract are contracting directly with each other, rather than… …   Financial and business terms

  • Forward Contract — A cash market transaction in which delivery of the commodity is deferred until after the contract has been made. Although the delivery is made in the future, the price is determined on the initial trade date. Most forward contracts don t have… …   Investment dictionary

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  • forward contract — contract guaranteeing the rate at which a business deal is to be transacted …   English contemporary dictionary

  • forward contract — /fɔwəd ˈkɒntrækt/ (say fawwuhd kontrakt) noun Commerce a contract in which a seller agrees to deliver to a buyer a given quantity of assets on an agreed date in the future at an agreed price …   Australian English dictionary

  • forward contract — Fin a private futures contract for delivery of a commodity …   The ultimate business dictionary

  • forward contract — An agreement to sell a commodity at a fixed future date but at a price set at the time the contract is written. In re Gold Coast Seed Co., C.A.Cal., 751 F.2d 1118, 1119 …   Black's law dictionary

  • FORWARD CONTRACT — Контракт, открываемый двумя сторонами, которые согласны на будущие поставки определенной валюты и на сумму по цене соглашения. Стандартные форвард периоды: 1 2 3 недели; 1 2 месяца; 18 и 24 месяцев …   Малая энциклопедия трейдера: глоссарий к книге

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