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The simultaneous purchase and sale of the same futures contract, but different contract months. A combination of a put and a call with the same strike price, in which both are bullish, called synthetic long futures. Financial instrument based upon the contango in the gold or silver market to finance precious metals inventory. Batch A measured amount in which crude oil and refined product shipments are sent through a pipeline.

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This Glossary is to be used for informational purposes only and intended to assist the public in understanding some of the specialized words and phrases used in the futures industry since many of these terms are not found in standard reference works.

It used to be an obscure hard-to-find ingredient, but recently the Internet has exploded with websites selling weight loss products based on an extract of the fruit and it even got some decidedly hucksterish treatment from Dr. Oz, a TV personality made famous by Oprah Winfrey.

The fruit is known in India as gambooge.