actual

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Actual

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.

actual

In commodities, the physical asset (that is, the commodity) as opposed to a futures contract on that asset.
References in classic literature ?
I shall return to it in a later lecture, and will only observe, for the present, that there seem to me no valid grounds for regarding what we see and hear as not part of the physical world.
They argue that, if we cannot know the physical world directly, we cannot really know any thing outside our own minds: the rest of the world may be merely our dream.
There is a Physical objection to the present rage for muscular exercises of all sorts, which is quite as strong, in its way, as the Moral objection.
Roderick Elliston, whether the serpent was a physical reptile, or whether the morbidness of your nature suggested that symbol to your fancy, the moral of the story is not the less true and strong.
These principles come into play only by bringing organisms into new relations with each other, and in a lesser degree with the surrounding physical conditions.
Misshapen from my birth-hour, how could I delude myself with the idea that intellectual gifts might veil physical deformity in a young girl's fantasy?
We must be careful not to confuse the physical and the moral.

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