# The Building Societies (Prescribed Contracts) Order 1993, Paragraph 2


A society agrees with a participant (whether by a single agreement or by a series of agreements) that the society will at a specified time or specified times make a payment of a sum or sums of money in exchange for other money where the amounts of currency to be paid and received are determined by reference to a specified price, at a specified time, of currency for delivery at the end of a specified period or periods.

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Source: https://www.legislation.gov.uk/uksi/1993/984/schedule/part/IV/paragraph/2 (the official version)
Page: https://openlegislation.uk/building-societies-prescribed-contracts-order-1993/schedule/part-IV/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.