GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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13:52 Jan 15, 2012 |
Persian (Farsi) to English translations [Non-PRO] Bus/Financial - Petroleum Eng/Sci | |||||||
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| Selected response from: Hossein Abbasi Mohaghegh Local time: 06:40 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +3 | Forward purchase/advance purchase |
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4 +1 | pre-purchase |
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5 | advance purchase; futures contract |
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pre-purchase Explanation: |
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advance purchase; futures contract Explanation: |
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Forward purchase/advance purchase Explanation: Forward purchase: Farmland entered into contracts with certain producers for the forward purchase of crude oil. Because of the forward purchase, the End User achieves complete price protection from any increase in crude oil prices. If prices fall instead, the End User participates in the favorable price move at the participation rate once average prices fall below the forward purchase level. http://www.sempracommodities.com/oil_endusers.asp |
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Grading comment
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