On Track

Also found in: Idioms

0.03 sec.

On Track

1. A type of commodities delivery for futures contracts that is deferred and priced according to the seller's location FOB.

2. A physical commodity that is already loaded on railroad cars or trucks and ready for delivery.

Notes:

1. In this form of contract, the buyer of the futures contract is agreeing to pay all associated freight costs for receiving the underlying commodity.

2. Commodities on track or on-track country station are ready to be transported to the necessary locations for the fulfillment of the contract obligations.

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