car

Definition

The amount of a commodity underlying a commodity futures contract. The term originates from the railroad cars that used to carry the commodities, but today the term is also used for futures on stock indices and other intangibles.

Use car in a sentence

You should always try and make sure that you know how much a car could be worth to you in the long term.

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The actual car was less than expected as most people were interested in betting on the direction of the commodity.

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My boss wanted me to purchase a specific quantity of corn for use in production of our snack cakes and asked me to call our commodities broker to see what the car amount for corn was.

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caput Caracas Stock Exchange (CCS)