Meaning of “sell sth forward” in the English Dictionary

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"sell sth forward" in Business English

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sell sth forward

phrasal verb with sell uk /sel/ us verb sold, sold

FINANCE, STOCK MARKET to make an arrangement to sell a commodity in the future at a fixed price:

The group sold forward a mammoth 3.5 million ounces of gold.

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