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Delivery Day

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Delivery Date
The date on which the underlying asset of a futures contract or forward contract is delivered to the contract holder. A contract holder may offset the contract by taking an opposite position before it matures, but any investor holding such a contract on the expiration date must take delivery on the delivery date. See also: Notice day.
delivery day
In futures trading, the day on which delivery of the asset is to be made according to the quantity, quality, and location specified in the contract.
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