FUTURES MARKET

Trading market for buying and selling commodities and future delivery contracts. Provides a place for hedging and speculating, complementary activities. Mitigates wild price fluctuations when gluts and shortages occur.

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FUTURES OPTION

An EXCHANGEtraded OPTION contract granting the buyer the right, but not the obligation, to buy or sell a FUTURES contract at a prespecified STRIKE PRICE. See also FUTURES CALL, FUTURES PUT.

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FUTURES PUT

An EXCHANGEtraded OPTION granting the buyer the right, but not the obligation, to sell a FUTURES contract at a prespecified STRIKE PRICE. See also FUTURES CALL.

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FUTURI

Lat. Those who are to be. Part of the commencement of old deeds. “Sciantprascntcs ct futuri. quod cqo talis, dedi ct conccssi,” etc., (Let all men now living and tocome know that I, A. B., have, etc.) Bract, fol. 346.

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FUTUROLOGY

Using several methodologies, like computer modeling and Delphi method, in an intensive study of historical and current trends as a systematic attempt to predict future developments. Contingency, long range, and strategic planning apply scenarios, specific perspectives of the future.

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FUZ, or FUST

A Celtic word, meaning a wood or forest

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FUZZY SEARCH

Fuzzy logic text retrieval technique. Seeks and returns matches on misspelled and conceptualized search-keywords. Available in internet search engines and databases.

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FYHTWITE

One of the fines Incurred for homicide.

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FUTURE EARNINGS

This term is applied to the earnings an injured would have made if he had not have been injured.

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