futures contract

名词 futures contract:

1. an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date

1. Generally speaking, futures contract, not the commodity, is sold and bought in the futures market.
   一般来说，在期货市场上买进卖出的是期货契约，而不是商品。