Futures contracts are a promise between two parties to exchange a commodity at a specified time and place in the future for a stated price.

期货合约是交易双方就在未来确定的时间和地点，按确定的价格交换某种商品的一种承诺。

youdao

Futures contract: A standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a specified price.

期货合约：在期货交易所交易的标准合约，它规定了在未来的日期以规定的价格买卖一定数量的商品。

youdao