Meaning of “forward market” in the English Dictionary

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"forward market" in Business English

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forward marketnoun [ U ]

uk us FINANCE

the buying and selling of currencies, goods, etc. in which the price is fixed now for delivery on a particular date in the future:

Selling dollars in the forward market now for purchase at some later date can boost profit.

(Definition of “forward market” from the Cambridge Business English Dictionary © Cambridge University Press)