What does Forward mean? Read on to discover the definition & meaning of the term Forward - to help you better understand the language used in insurance policies.
An agreement (other than a future) to make or take delivery in the future of one or more underlying interests, or effect a cash settlement, based on the actual or expected price, level, performance, or value of such underlying interests. The expression does not mean or include spot transactions effected within customary settlement periods, when-issued purchases, or other similar cash market transactions.
We hope the you have a better understanding of the meaning of Forward.