take delivery

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Take Delivery

To receive the underlying asset from a derivative, especially a futures contract. For example, if one holds a futures contract on 1000 barrels of oil at the time it matures, one receives the oil, taking delivery. In many futures contracts and other derivatives that are settled in cash, the holder does not take delivery.

take delivery

1. To accept a commodity to be delivered as part of a long futures contract. For example, the buyer of a gold futures contract who will need the metal on the delivery date may plan to take delivery rather than close out the contract.
2. To accept certificates for securities that have been purchased.
References in periodicals archive ?
Iran's central bank has taken delivery of its gold reserves.
This milestone of having taken delivery of 50 new Boeing aircraft also represents EL AL's commitment to our customers to provide the highest quality product and services.
Bluedrop Water manages the Gulf Oil accounts in New England, and has taken delivery of five kiosks.
Norwegian has taken delivery of two brand new Boeing 737-800 aircraft.
AGMC, authorised dealer of Rolls-Royce Motor Cars in Dubai, Sharjah and the Northern Emirates has taken delivery of the first exclusive Middle East specification Wraith in the Middle East.
I HAVE recently taken delivery of a used German car.
South African Airways takes delivery of its first Airbus A320 South African Airways (SAA) has taken delivery of its first two A320s out of a total of 20 A320 Family aircraft ordered from Airbus in 2010.
Libyan Airlines took delivery of its first A330 Libyan Airlines, the national carrier of Libya, has taken delivery of its first A330-200 becoming a new operator for the type.
LEISURE and scheduled airline Monarch has taken delivery of the latest plane in its fleet of jets to help service additions to its growing portfolio of routes.
Wizz Air Hungary, the largest Central and Eastern European low cost airline, has taken delivery of its first A320 aircraft equipped with Sharklet fuel saving wing tip devices.
Summary: Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, on Saturday announced that it has taken delivery of its second Sharklet-equipped Airbus A320 aircraft in 2013.
BRITISH Airways has taken delivery of its 100th Airbus plane.