delivery instrument

Definition

A document that represents a commodity being traded. Usually used when dealing with futures contracts, a delivery instrument is often used to fulfill a contract, instead of delivering the actual asset. Understandably, a document is easier to deal with then a commodity, so often times a party will be provided with a receipt or something similar instead of the commodity itself.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
delivery delivery month