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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
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 ?
Kinematychni mozhlyvosti zubchastykh dyferentsial'nykh peredach z zamknutoyu hidrosystemoyu [Kinematics of gear differential gears with closed hydrosystems] Materialy Mizhnarodnoyi naukovo-tekhnichnoyi konferentsiyi molodykh uchenykh i studentiv "Aktual'ni zadachi suchasnykh tekhnolohiy" (25-26 lystopada 2015)--Materials of the International Scientific and Technical Conference of Young Scientists and Students "Current Problems of Modern Technologies ".
Two such torque converters also have the potential to replace differential gear assemblies in automobiles, as will be discussed.
The device uses a differential gear previously believed to have been invented in the 16th century, and is remarkable for the level of miniaturisation and complexity of its parts, which is comparable to that of 18th century clocks.
The users watch an introductory video or animation about the operation of the differential gear and understand its operation in two cases: (1) the car moves straight and (2) the car turns.
1960s - GM undertook fleet testing of austempered ductile iron (ADI) differential gears on taxicabs and achieved excellent results.
In 1928, Robert recalls, the steamer's differential gears were changed, requiring removal of the right rear wheel.

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