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A small charge added to the purchase price and subtracted from the selling price by the dealer for odd-lot quantities.


1. The degree of change in quality of the underlying asset on a futures contract that is allowed. Every futures contract specifies the quality of the commodity underlying it that must be delivered in order for the seller to fulfill the contract. The differential allows the seller to deliver a good of a different quality, at least within certain limits. Not all futures contracts allow for differentials.

2. A change in the location of delivery that some futures contracts allow the seller to make at his/her discretion.


1. In commodities trading, the premium or discount in the futures contract price caused by delivering a commodity that does not exactly meet the standards fixed by the exchange. Allowances for these differentials are included in the contract specifications.
References in periodicals archive ?
Several councils have employed significant creativity and stretched their differential rates powers to pursue social policy objectives.
FIGURE 1 shows the output voltages from the two channels of an LVDS driver and the differential and common components in this signal.
However, the differential outcomes procedure also appears to be useful for humans, although surprisingly very few published studies have explored this possibility.
4) The earlier ruling had concluded that differential payments made to employees on temporary duty (such as training) with the National Guard constituted "wages" for payroll tax purposes, because the employment relationship was not disturbed during this time.
If that day ever arrives, the commission will have to decide whether to accept differential accounting or disclosures for all sizes of public companies.
error transmission: It is seen how the errors propagate in the solution from errors in the initial conditions or caused by deleting, adding or modifying some of the coefficients of the differential equation / system of differential equations or originally generated by input disturbances (unmodeled dynamics and /or generalized forces) (seven hours)
The tester uses differential pressure decay testing technology to check the housings to a leakage rate accept/reject level of 3 standard cubic centimeters per minute (SCCM) at 10 pounds per sq in.
The bare-bones version of the differential equations of string theory looks very similar to the equations connected with the physical interpretat[on of general relativity, But that's not the full string theory story, One also has to include all the correction terms to see if those additions make a difference.
The emphasis is then placed on the different variants of differential protection and their practical application illustrated by concrete examples.
Unfortunately, while the proximity of the other trace in a differential pair will not change its single-ended impedance, the proximity will strongly affect the differential impedance of the pair.
Roger Tapp confirmed that the habitual dryer problems required four to eight men working for 8-12 hours during scheduled shutdowns to repair leaks resulting from running at such a high differential.

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