Contract size


 

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Contract size

The minimum amount of a commodity or financial instrument which can be traded in a futures or option market. Also known as a lot size.



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Contract note

Contract note

A confirming note, containing details of a stock exchange deal, which is sent by a broker to a client. The contract note shows you:the date and time of dealthe title of the securitythe number bought/soldthe price paid/receivedthe total value of the dealthe stamp duty (if a purchase of shares)the amount of commission charged by the brokerTraditionally, contract notes are posted. Some online brokers email them.


Economic contraction

Economic contraction

The downward phase of the business cycle, in which GDP is falling and unemployment is rising over time.


Breach of contract

Breach of contract

The failure to perform provisions of a contract without a legal excuse.


Forward forward contract

Forward forward contract

In Eurocurrencies, a contract under which a deposit of fixed maturity is agreed to at a fixed price for future delivery.


Contract

Contract

A legal document between two parties confirming any sort of agreement such as terms of sale, employment or service.


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