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Basis Grade |
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Basis Grade The minimum acceptable quality of a commodity for delivery on a futures contract. The basis grade must be described in the contract, and can strongly affect the price. To use an extreme example (unlikely in real life), a futures contract for rotten corn would be worth less than one for high-quality corn. In both cases, however, the basis grade is described in the contract itself. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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