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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 ?
Auto differential gear industry import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The above torque conversion principle enables this invention to be used in place of differential gears in automobiles or other vehicles.
How it works:The Greek device used 30 hand-cut differential gears fashioned from bronze.
This winner features turbo, front and rear lights, realistic Ferrari engine sound, loud and proud vibration, front and rear suspension and differential gear.
Previously called InterActive Torque Management II (ITM II)(TM), the BorgWarner T-Trac(TM) system is the only active twin-coupled driveline system on the market today that provides side-to-side traction without the use of a costly differential gear set.
D-Drive" Gear - Ikona's new differential gear system represents a new concept for differential gears.
The so-called road-calming bumps are a nightmare for all motorists, damaging exhaust systems, axle shafts and differential gear boxes.
Key products for transmission applications include differential gears and pinions, differential assemblies, shafts, and clutch modules.
Those heavy, obscene bouquets, held together by tightened lock washers, studs, and monstrous split pins, squabbling in stillness and transfixed in loving embraces, have a clear and definite origin in differential gears, with their winding mathematical mazes of pinions, axles, and swage blocks.
Lose enough oil and the differential gears can lock up.
Traction engine with power turning, using differential gears instead of conventional wheel clutches.
The fast-stroke cylinders with differential gears also promote high clamping speeds and, consequently, short dry-cycle times.

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