stock-index futures

/stɑk ˌɪnˈdɛks/
IPA guide

Definitions of stock-index futures
  1. noun
    a futures contract based on a stock index; a bet on the future price of the indexed group of stocks
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    type of:
    futures contract
    an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date
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