Derivatives promise payments from one party to another, with the value derived from changes in the price of an underlying security, index or commodity.
In their simplest definition, derivatives are contracts that promise payments from one investor, or "counterparty," to another, depending on future events.
The promised payment: $5 and a DVD of the film.
Day laborers are frequently illegal immigrants who are promised payment in cash.
Some are told to keep 10percentt, but many are promised payment by direct deposit, which, of course, never comes.
Many of the families owned land within what is now the national park, and say they were falsely promised payment for the appropriated property.
Some of the migrant workers said they were bused in and promised payment of 100 renminbi, or about $16, for purchasing a phone.
Transactions by merchants at the fairs were often made through letters that promised payment at a future fair and that were transferable to another person.
No more need to change money when you arrived in another country; no more uncertainty on the part of importers about what a contract would actually end up costing or on the part of exporters about what promised payment would actually be worth.
In one case, a woman who had refused to give her financial information over the phone, despite being harassed by the callers, got a letter that stated in part: "You gave us your banking information by telephone and authorized us to use it to collect your promised payment.
