TeachMeFinance.com - explain Delivery
Delivery The term 'Delivery ' as it applies to the area of agriculture can be defined as ' In settlement of a futures contract, the tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument covering the commodity (e.g., warehouse receipts or shipping certificates). Futures contracts may be settled by delivery, but more often they are settled by offset or cash. Each futures exchange has specific procedures for delivery of a commodity'.
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