Topical Terminology > Nearby Futures Contract
1 Definition
Nearby Futures Contract
For Nearby Futures Contract we have a term and definition in Finance.
Nearby Futures Contract (Finance) 
When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the "next out") futures contract is the one that settles just after the nearby futures contract. The contract farthest away in time from settlement is called the most distant futures contract.
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