delivery notice

delivery notice definition - finance
  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 donÂ’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.

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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