LAWDOG is intended to assist in the understanding of basic concepts. See Disclaimer.
Always obtain legal advice from legal professionals.
Under 11 U.S.C. Section 101, the term:
(25) ''forward
contract'' means a contract (other than a commodity contract)
for the purchase, sale, or transfer of a commodity, as defined in section 761(8) of this
title, or any similar good, article, service, right, or interest which is presently or in
the future becomes the subject of dealing in the forward contract trade, or product or
byproduct thereof, with a maturity date more than two days after the date the contract is
entered into, including, but not limited to, a repurchase transaction, reverse repurchase
transaction, consignment, lease, swap, hedge transaction, deposit, loan, option, allocated
transaction, unallocated transaction, or any combination thereof or option thereon;
Copyright
1996-2000 by LAWDOG.COM Publishing, Inc. All rights reserved.