A financial future is a futures contract on a short term interest rate (STIR). Contracts vary, but are often defined on an interest rate index such as 3-month sterling or US dollar LIBOR. They are traded across a wide range of currencies, including the G12 country currencies and many others. Some representative financial futures contracts are: Uni... Found on http://en.wikipedia.org/wiki/Financial_future
A contract entered into now that provides for the delivery of a specified asset in exchange for the selling price at some specified future date. Found on http://www.encyclo.co.uk/local/20047