delivery notice Hear it!

delivery notice Finance Definition

  1. A notice that informs the holder of a futures contract when the actual commodity will be delivered. Many futures contracts are cash-settled, rather than involving the delivery of the actual commodity. Because futures transactions are used as a financial hedge, most traders don’t want several tons of wheat arriving on their doorstep. Instead, a check is sent.
  2. In a business setting, a notification that informs a customer when purchased goods will be delivered.