### Question
How does the law define forward contract?


### Answer
Under *12 U.S.C. § 1787*, **forward contract** is defined as:

> given to such term in section 101 of title 11.

#### Citation:
  - *12 U.S.C. § 1787*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER II-SHARE INSURANCE**

