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delivery |
Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Delivery The action by which an underlying commodity, security, cash value, or delivery instrument covering a contract is tendered and received by the contract holder. Notes: Delivery can occur in option, forward, or futures contracts. In most instances, the delivery of the actual underlying is rare--contracts are typically closed before settlement.See also: Actual, Cash Commodity, Current Delivery, Delivery Date, Delivery Instrument, Exercise, Option, Settlement, Tender Delivery The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
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