What's it: A contract is a legally enforceable agreement between two or more parties. A contract establishes a relationship between the parties who agree to do or refrain from doing some act now or in the future. A contract may also specify how
Option
Option: Meaning, Characteristics, Types, How it Works, Examples
What's it: An option is the right to buy or sell a certain number of commodities, currencies, or securities on a specific date for a specified price. Traded options can be bought or sold at any time on any exchange, in contrast to traditional