Stringency and Future

noun

• A state occasioned by scarcity of money and a shortage of credit.
  • synonyms: tightness
• Conscientious attention to rules and details.
  • synonyms: strictness

• (a.) Time to come; time subsequent to the present (as, the future shall be as the present); collectively, events that are to happen in time to come.
• (v.i.) That is to be or come hereafter; that will exist at any time after the present; as, the next moment is future, to the present.
• (a.) A future tense.
• (a.) The possibilities of the future; -- used especially of prospective success or advancement; as, he had great future before him.

noun

• The time yet to come.
  • synonyms: hereafter, futurity, time to come
• A verb tense that expresses actions or states in the future.
  • synonyms: future tense
• Bulk commodities bought or sold at an agreed price for delivery at a specified future date.

adjective

• Yet to be or coming.
  • usage: "some future historian will evaluate him"
• Effective in or looking toward the future.
  • usage: "he was preparing for future employment opportunities"
• Of elected officers. ( elected but not yet serving)
  • usage: "our next president"
  • synonyms: next, succeeding
• A verb tense or other formation referring to events or states that have not yet happened.
  • usage: "future auxiliary"

Future is a term used to designate all contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.