Futures
Futures are financial contracts that require a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and price. These contracts are standardised and traded on exchanges. Futures are used for hedging or speculation, and they can include commodities - like oil, gold and coffee - financial instruments, or other assets. For example, a corn farmer might use futures to lock in a specific price for selling their corn, while a bread manufacturer might use them to secure a specific price for buying wheat.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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