Meaning of “forward price” in the English Dictionary

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"forward price" in Business English

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forward pricenoun [ C ]

uk us FINANCE

a price that is fixed now for the sale of currencies, goods, etc. to be delivered on a particular date in the future:

The forward price for January delivery of gas in the UK is almost three times what it was last year.

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