What is another word for FORWARD TRANSACTION?
Pronunciation: [fˈɔːwəd tɹansˈakʃən] (IPA) 
Forward transaction is a common term in finance and refers to a type of agreement between two parties to buy or sell an asset at a future date, at a fixed price. However, there are many synonyms for this term, depending on the context. In the currency market, forward transactions are also called forward exchange contracts or simply forwards. In the commodity market, they are referred to as forward contracts, while in the equity market, they can be referred to as futures contracts or forward futures. Regardless of the term used, forward transactions are an important tool for managing risk and achieving long-term financial goals.
