These are not standardized contracts and are not traded through an exchange.

The big advantage of having a standardized contract is that it can be exchanged between counterparties very easily.

The doctrine is often applied to situations involving standardized contracts or where the parties are of unequal bargaining power, but is applicable to other cases.

"We believe we made a reasonable interpretation of ambiguous language in a standardized contract," it said in a written statement.

Futures markets, which provide standardized forward contracts for trading products at some future date; see also forward market.

"In most cases, the language in these standardized contracts doesn't do the job."

Many derivatives are standardized contracts, like this foreign currency future.

Such a derivative is a standardized contract that trades on regulated financial exchanges.

A derivatives exchange is a market where individuals trade standardized contracts that have been defined by the exchange.

To make sure liquidity is high, there is only a limited number of standardized contracts.