take delivery

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Take Delivery

To receive the underlying asset from a derivative, especially a futures contract. For example, if one holds a futures contract on 1000 barrels of oil at the time it matures, one receives the oil, taking delivery. In many futures contracts and other derivatives that are settled in cash, the holder does not take delivery.
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take delivery

1. To accept a commodity to be delivered as part of a long futures contract. For example, the buyer of a gold futures contract who will need the metal on the delivery date may plan to take delivery rather than close out the contract.
2. To accept certificates for securities that have been purchased.
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.
References in periodicals archive ?
ANKARA, Aug 27 (KUNA) -- Turkey has taken delivery of the second batch of the Russian S-400 missile defense system, the Ministry of Defense said.
Release date- 09082019 - Yekaterinburg- Ural Airlines, one of Russia's leading carriers, has taken delivery of its first A320neo on lease from CDB Aviation.
US Embassy in Turkey has announced the Turkish Armed Forces (TSK) has taken delivery of four US Boeing CH-47F Chinook helicopters at the port Turkey's western province of Izmir, the embassy said.
JAPAN Airlines has taken delivery of its first A350 XWB from Airbus.
Mojtaba Mohammadi as saying the Navy had taken delivery of a new sub, Qadir-955, and of a sub that had just been overhauled, Qadir 942.
(NASDAQ: ATSG), has announced it has taken delivery of a Boeing 767-200 converted freighter to SkyTaxi of Poland under a seven-year lease, the company said.
'We are very happy we've taken delivery of another of our Boeing 777 aircraft in preparation for our international operations and we are looking at commencing operations on one of the routes before the last quarter of the year'
Cyprus Airways has taken delivery of its second Airbus A319, it said on Friday.
I thought of Paul's anecdote when seeing that Jadon Sancho has taken delivery of a pair of personalised trainers, all white, but with the initials JS7 stitched in, along with the words "WORLD CHAMPIONS '17" and the Three Lions badge (above).
Air India has agreed with US major Boeing to buy 15 B777-300 ER aircraft and has already taken delivery of 12 planes.
Ardmore Shipping Corporation (NYSE: ASC), which owns and operates a fleet of mid-size product and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes, has taken delivery of the first three of six MR product / chemical tankers that it agreed to acquire in June 2016.