Definition of Public elevators

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TeachMeFinance.com - explain Public elevators



Public elevators

The term 'Public elevators ' as it applies to the area of agriculture can be defined as ' Grain elevators in which bulk storage of grain is provided for the public for a fee. Grain of the same grade but owned by different persons is usually mixed or commingled as opposed to storing it 'identity preserved.' Some elevators are approved by exchanges as 'regular' for delivery on futures contracts'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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