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Oral contract |
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Oral contractA contract not recorded on paper or on computer, buy made vocally which is usually enforceable.Oral contract Similar MatchesForeign currency forward contractForeign currency forward contractAgreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date. Contracts for differenceContracts for differenceCFDs are a derivative product designed for active traders who want to have extra leverage in their share trading.Instead of paying for purchases in full, they deposit a 'margin' with their broker (typically 20% of the total purchase value) and that margin requirement goes up and down in line with the rise and fall of their portfolio. In effect, the investor is able to speculate with much more money that he actually has by borrowing from his broker and using the shares he has bought as collateral. If his investments perform well, he can get rich quicker than if he was not trading on margin. If they perform badly, the broker will demand more margin payments which have to be paid in cash, and the investor may lose significant amounts.Contracts for differences, or margin trading, are risky, and not for novice investors. Most brokers do not offer a CFD service, and the market is dominated by a handful of brokers who specialise in this area. Margin requirements vary, and most brokers will ask for a deposit of £10,000 before allowing a new client to trade on margin. Conditional sales contractsConditional sales contractsSimilar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract. Breach of contractBreach of contractThe failure to perform provisions of a contract without a legal excuse. ContractContractA term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. Further SuggestionsBullet contractSales Contract Interest rate futures contract contract size Contractual Intermediary Subcontracting Management contract Contraction Nexus (of contracts) Contractual Claim Underlying futures contract Forward forward contract Foreign currency futures contract Contractual liability Economic contraction Periodic purchase deferred contract Optimal contract Conditional Sales Contract Futures contract Bank Investment Contract (BIC) Guaranteed investment contract (GIC) Turnkey construction contract contract note Contract contracting out |
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