Future
Legal definition for Indian law research
Definition
future
: a contract traded on an exchange in which a party agrees to buy or sell a quantity of a bulk commodity (as soybeans) at a specified future date and at a set price usually used in pl. NOTE: If the price of the commodity has gone up when the future date arrives, the buyer in the contract profits. If the price has gone down, the seller profits.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.