certified stocks

certified stocks definition - finance
Stocks of a commodity that have been inspected and found to meet the quality requirements for commodities in order to fulfill the delivery requirements specified by a futures exchange. When certified stocks are delivered, they must be transported to one of half a dozen or so locations that the futures exchange has specified as delivery warehouses.

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

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.