Financial future (finance) and tranchant (iou)

Financial future (finance)

A contract entered into now that provides for the delivery of a specified asset in exchange for the selling price at some specified future date.

tranchant (iou)

tranchant adjective. literary. E16.
[French: see TRENCHANT.]
Cutting (chiefly fig.); incisive. Also, (of a colour) glaring, crude.
? Formerly fully naturalized.

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