take delivery

take delivery definition - business

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.
  3. To accept a receipt for goods delivered by a shipper.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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