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A physical, homogenous commodity underlying a contract. Actuals can be traded on the physical market and delivered immediately, or traded on the futures market and delivered at the completion of the contract. As such, actuals have an intrinsic value. Examples include oil, beef, and diamonds.


In commodities, the physical asset (that is, the commodity) as opposed to a futures contract on that asset.
References in classic literature ?
It was seen in his appreciating notice of the vase of flowers, the scent of which he inhaled with a zest almost peculiar to a physical organization so refined that spiritual ingredients are moulded in with it.
There is, doubtless, over and above the physical consumptive tendency, an instinctive turn of sentiment in this touching confession.
The analogy did not occur to her, but something else did as she saw the flushed face and fever wracked body of the man whose appeal to her she would have thought purely physical had she given the subject any analytic consideration; and as a realization of his utter helplessness came to her she bent over him and kissed first his forehead and then his lips.
It is true that our own physical needs, and even our luxuries, were assured for the future.
Again enters the man at the desk, whose physical efficiency would be more hurt by a cup of coffee at bedtime than could Daylight's by a whole night long of strong drink and excitement.
And yet, despite my physical loathing for alcohol, the brightest spots in my child life were the saloons.
But all the field afternoons and recitation Fridays and physical culture contortions paled before a project which Miss Stacy brought forward in November.
I admitted--as every person of the smallest sense must admit--that a man will, in the great majority of cases, be all the fitter for mental exercise if he wisely combines physical exercise along with it.
Let it be borne in mind how infinitely complex and close-fitting are the mutual relations of all organic beings to each other and to their physical conditions of life.
He by no means regarded man as the highest possible being which evolution could arrive at; for though his physical development may have reached its limit, this is not the case with his mental or spiritual attributes.

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