take delivery

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.

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.
References in periodicals archive ?
ExpressJet will take delivery of new E175s through the remainder of 2019.
PAL president and chief operating officer Jaime Bautista earlier said the carrier expects to take delivery of 15 new aircraft worth $2 billion this year.
Since the beginning of this year, DryShips has taken delivery of 16 vessels and expects to take delivery of one more at the beginning of next year.
United was the first airline to order and take delivery of the 737-200.
"Barely a month after receiving the region's first sharklet equipped aircraft, we are pleased to take delivery of the second aircraft as per the fleet plan schedule," said Adel Ali, group chief executive officer, Air Arabia.
ET is the first airline to take delivery of the newly configured aircraft, which offers seven business class and 60 economy class seats.
Ethiopian Airlines chief executive Tewolde Gebremariam said Thursday his company is excited to be the first carrier to take delivery of a Dreamliner in Africa, Europe and the Americas.
The company's experience with Fuchs has been positive enough to result in an order for a second machine, this time a slightly smaller Fuchs 340 model that Empire will take delivery of soon and primarily use to feed the shear.
In addition, the company will take delivery of four 787 Dreamliners this year.
Peter Hill said the airline had already taken delivery of one Boeing 737-800 and would take delivery of four B737-800s and four Airbus A330-300s in the coming months, all as part of previously announced deals.
It will take delivery of three more this year and two in 2007.
Also, the company reached an agreement to take delivery of and operate 30 Embraer 175s on behalf of US Airways.