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In international commerce and futures contracts, the agreed-upon location where the seller or his/her representative must hand over the underlying good or commodity in order to have fulfilled the obligation to make delivery. Often, a delivery point is a warehouse.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The specified location at which a commodity may be delivered to satisfy a futures contract. The points and procedures for delivery are established by the exchange on which the contract trades.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.