delivery specifications

delivery specifications definition - finance
The list of characteristics a commodity or financial instrument must meet in order to settle futures or options contracts traded on organized exchanges. Such characteristics might include the grade, or quality, of the commodity, its size, and where the physical product must 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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