A Forward Contract is a customized agreement between two parties to buy or sell an asset at a preset price on a future date - kind of like trying to pin down a shadow!
A hot issue is an upcoming initial public offering (IPO) that is highly popular among the investing public and is often oversubscribed, attracting significant market attention.
A speculator is a financial market participant who engages in the buying and selling of assets to capitalize on price fluctuations over short time frames.