Differential

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Differential

A small charge added to the purchase price and subtracted from the selling price by the dealer for odd-lot quantities.

Differential

1. The degree of change in quality of the underlying asset on a futures contract that is allowed. Every futures contract specifies the quality of the commodity underlying it that must be delivered in order for the seller to fulfill the contract. The differential allows the seller to deliver a good of a different quality, at least within certain limits. Not all futures contracts allow for differentials.

2. A change in the location of delivery that some futures contracts allow the seller to make at his/her discretion.

differential

1. In commodities trading, the premium or discount in the futures contract price caused by delivering a commodity that does not exactly meet the standards fixed by the exchange. Allowances for these differentials are included in the contract specifications.
References in periodicals archive ?
If you have an open differential in your rig, purchase an aftermarket limited-slip unit.
Despite our efforts, however, there are always going to be clinicians who will order a manual differential up front with their initial CBC.
When the back of the car threatens to swap places with the front, engaging the differential on a front-drive vehicle allows the system to "turn up the volume" on the steering through the interaction of the driveline forces and steering geometry.
The average percentage price differential between the United States and the other major pharmaceutical markets is greater for psychiatric drugs than for any of the other therapeutic areas analyzed in this report.
We do not expect a temperature differential of more than six degrees F.
The introduction of the EGerodisc active differential system will strengthen the Jeep Grand Cherokee as an industry benchmark.
The new crude oil price differentials for our California crude oil production are reflective of the current pricing environment," stated Jim Payne, Chairman, President and CEO.
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that its EGerodisc(TM) electronic differential will be used on the front and rear axles of a future Chrysler Group vehicle platform.
Li Jin Dian, chairman of the board and president of Dandong Shuguang Axle commented, "The incorporation of Eaton's mechanical locking differentials into Shuguang's axles introduces a whole new line of axle products into China's rapidly growing SUV market.
Eaton Corporation (NYSE:ETN) today announced that it is providing Carbon Fiber Limited Slip Differentials for the new 2003 Kia Sorento sport-utility vehicle.
ERI's founder first developed the concepts related to the use of simple linear regression models for area wage and salary differentials in 1974.

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