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agoldberg2011 agoldberg2011
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A month ago
The seller of a futures contract

▸ has the option of canceling the contract the following day if the price is not acceptable to him/her.

▸ is legally bound to make delivery of the specified item on the specified day.

▸ receives the entire contract amount at the time the contract is made.

▸ must make delivery before receiving any monies on the contract.
Textbook 

Fundamentals of Investing


Edition: 14th
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kuteemekuteeme
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A month ago
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is legally bound to make delivery of the specified item on the specified day.

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