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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 ?
Once a CPI-PCE inflation differential is determined, adding the projected differential to a PCE inflation projection gives a comparable CPI inflation projection, or subtracting the differential from a CPI inflation projection gives a comparable PCE inflation projection.
FIGURE 1 shows the output voltages from the two channels of an LVDS driver and the differential and common components in this signal.
Dube, Rocco, and MacIlvane (1989), in contrast, found no facilitatory effect of the differential outcomes methodology among four mentally retarded adults in a delayed matching to sample task.
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)
Thus, twice the voltage exists at an ideal differential port as at a single-ended port.
For solving linear and nonlinear initial value problems in electrical circuits, the one-dimensional differential transform method (DTM) is used (Zhou, 1986).
Rezapour: Some existence results on nonlinear fractional differential equations, Philos.
The battery powered differential pressure transmitter provides a significant advantage in applications where consistency and stability is a key requirement of accurate metering," said Bruce Briggs, president of Primary Flow Signal.
1, a wideband differential BPF with pairs of unequal feed lines, single ring resonator and T-shaped stubs is proposed.
The basics of differential signaling are well-known, taking advantage of the noise rejection which affects both signal wires equally.

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