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Investments
Finals Exam
4
Finance
Undergraduate 3
05/19/2014
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Term
Futures Contract
 Definition
An agreement that provides for the delivery of a specific amount of a commodity at a designated time at a given price
Term
Pyramiding
 Definition
Using profits from a futures trade to buy more contracts
Term
Spot Market vs. Futures Market
 Definition

Spot -- Today's market

Futures -- Delivered in the future
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