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car definition - finance
A unit quantity of an item, such as a contract, that is traded in the commodities market. For example, a car of bellies may refer to a contract on pork bellies. The term comes from the fact that quantities of the product specified in the futures contract correspond to the capacity of goods that can be packed into a railroad car.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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