Word: locking
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Dates: during 1980-1980
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...much he will have to spend to buy or, conversely, how much he can count on receiving for selling, grain as much as 14 months into the future. The futures contracts that are traded on the commodity exchanges enable people in the grain business, or anyone at all, to "lock in" a guaranteed future price for the commodity...
While Harvard's Tim Maximoff and Larry Countryman displayed their usual consistency, winning the 1000-yd. and 500-yd. freestyle events, Bobby Hackett showed his exceptional versatility, unofficially placing first in the 200-yd. backstroke with a time of 1:52.93. Freshman Andy Lock-man trailed Hackett by 1.98 seconds for the official top honors and five more Crimson points...