Futures contracts that expire during the more distant months.
The futures delivery months, of those currently trading, that expire farthest in the future; also called forward months.
The most distant months of a futures contract. Related: Nearby deferred-interest bond. A bond that sells at a discount and does not pay interest for an initial period, typically from three to seven years.
The futures contracts that expire during the most distant months. Also called Back Months. See Forward Purchase or Sale.