(of a topological space) Having all its homotopy groups trivial.

(finance) A standardized contract, traded on a futures exchange, to buy or sell a standardized quantity of a specified commodity (or financial instrument) of standardized quality at a certain date in the future, at a stated price (the futures price).

(law) A contract that involves an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same.

The right of individuals to bargain freely among themselves the terms of their own contracts, without government interference.

plural of futures contract

(law) A failure to meet an obligation under the terms of a contract.

(law) An obligation created by the law in the absence of an agreement or contract; not based upon the intentions or expressions of the parties.

plural of quasi-contract

An involuntary movement of the haustrum in the colon that aids in digestion.

(law) The area of law pertaining to the rights and duties that arise from agreements.